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Composite issues

An issue of securities by a listed company on a public- cum rights basis offered through a single offer document wherein the allotment for both public and rights component of the issue is proposed to be made simultaneously.

Related Glossary Terms

Exchange traded funds (ETF)

A security that tracks an index but has the flexibility of trading like a stock.

Corners

A corner occurs when a person buys up a substantial volume of a security knowing that other market participants will be forced to buy from him at a higher price. An example of this would be when the other market participants hold short positions in the security which must be settled. A similar practice is

Tombstone

An advertisement placed in financial newspaper or magazine to announce the completion of a syndicated loan or a new issue of securities. It is called a tombstone because it consists of little more than a list of names and dates. The names are those of borrower (who pays for tombstone) and of the financial institutions

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