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 periodicals archive ?
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A Piece Of Cake en route to winning the Borders National JOHN GROSSICK
Newsreading is not something to get self-important or petulant about, it's a piece of cake, the easiest job in the media.
He's fooling himself if he thinks the military thing would be a piece of cake.
It was a piece of cake " all the way down the A1 on Saturday and back the same way on Sunday.
Man Murphy was the 47th winner of the season for trainer Mary Reveley, and the 18th for his rider Fergus King, who had earlier teamed up to land the featured two-and-half-mile handicap chase with A Piece of Cake.
Korakor is 16-1 from 33-1 and A Piece Of Cake 20-1 from 33-1.
Helpers and staff at the Myton Hospice shop, Brook Street, enjoyed a drink and piece of cake as part of a double celebration.
LIFE in Eccles in 1965 wasn't exactly a piece of cake, but the nostalgic new serial SEX, CHIPS AND ROCK'N'ROLL still swept away to an appetising start.
When I started my company, I thought it was going to be a piece of cake," says Gunn, Sonship's 40-year-old president.
Arriving at the 20 percent figure was no piece of cake.