Release and substitution

Release and substitution

Allows the issuer to sell property securing the debt and substitute either cash or other property in order that the total value of collateral will not be reduced.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: Funds
Company: Merrill Lynch
Product:
Acronym-Abbreviation:

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Related terms

release and substitution

Financial services; Funds

Allows the issuer to sell property securing the debt and substitute either cash or other property in order that the total value of collateral will not be reduced.

buy fund symbol

Financial services; Funds

The fund symbol that you are buying when entering a mutual fund exchange.

buy order(purchase)

Financial services; Funds

In securities trading, an order to a brokerage firm/broker to purchase a specified quality of a security at the market price or limited price.

buy put

Financial services; Funds

An option contract that gives the holder the right to sell the underlying security at a specified price for a certain, fixed period of time.

buy stop order(purchase)

Financial services; Funds

Buy order that is entered at a price above the current offering price and becomes a market order when the current market price touches or goes through the buy stop price.