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Nil-Paid |
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Nil-Paid A tradeable security that did not incur any costs on its original owner. A common example is renounceable cum rights on a stock, which are attached to a stock and are issued to the original owner free of charge. However, the owner may separate the cum right from the stock and sell it. Thus, while a nil-paid has value, at least insofar as there are potential buyers, it does not cost the original owner anything in order to acquire it. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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