Piece


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Piece

Apply mainly to convertible securities. Increment of bonds that trade in portions of $1000 minimum. Not all bonds can be traded in "pieces," and the increments can vary.

Piece

Part of a block or exceptionally large amount or value of securities. While there is no specific definition of how many shares constitute a block, most people using the term refer to holding or trading more than 10,000 shares and/or shares worth more than $200,000. A piece is any section of this bought or sold separately from the rest of the block.

piece

A part of a large security offering.
References in classic literature ?
My brother was not clever enough to detect that the old woman had merely refused the two pieces of money he had offered her in order to get more, but he inquired if she could procure him the pleasure of seeing this lady.
Had Adrienne been longer in communion with a cold and heartless world, she would not have submitted to this piece of selfish extortion; but, inexperienced, and half frightened by the woman's manner, she begged the pittance offered as a boon, dropped her thimble, and made a hasty retreat.
We shall not miss them, so stake twenty pieces at a time.
This cart contained divers large packets wrapped in pieces of old stuff.
Their piece of bread was given to them, but it was still smaller than the time before.
The children had discovered the glittering hoard, and when in a mischievous mood used to fling showers of moidores, diamonds, pearls and pieces of eight to the gulls, who pounced upon them for food, and then flew away, raging at the scurvy trick that had been played upon them.
A piece of his left knee is missing, having been lost years ago when he scattered himself too carelessly.
In order from left to right on the line of squares nearest the players, the jetan pieces are Warrior, Padwar, Dwar, Flier, Chief, Princess, Flier, Dwar, Padwar, Warrior.
Presently he withdrew it, a franc piece lying in the palm.
Why--yes,' replied Nicholas: 'that is the course of the piece.
I do not know how this really happened, yet the fact remains that one fine day this piece of wood found itself in the shop of an old carpenter.
And how nicely can doggish lust beg for a piece of spirit, when a piece of flesh is denied it!