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Special Claim on Residual Equity |
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Special Claim on Residual Equity (SCORE) A certificate that entitles the owner to the capital appreciation of an underlying security, but not to the dividend income from the security. Special Claim on Residual Equity A unit investment trust entitling the holder to the capital appreciation on the securities in the trust but not to dividends, coupons, or other claims. In other words, a SCORE behaves much like a warrant on the capital appreciation of stock. A SCORE has a strike price (known as a termination price) and an expiration date (known as a termination date). It contrasts with a PRIME. See also: Americus Trusts. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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