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 Terms

Calendar spread

The simultaneous sale and purchase of either calls or puts with the same strike price but different expiration months.

Clearing (Finance)

Settlement or clearance of accounts, for a fixed period in a Stock Exchange.

Mortgage Trust

Unit trust which invests in mortgage loans. Effectively the unit trust invests money in real estate and receives an interest return with security over the property which has been purchased. The interest which is charged on mortgage trust loans is normally higher than that other sources of finance like banks so that the investor usually