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 ?
The three-year-old did his first serious piece of work this year yesterday morning and Richard H an n o n j n r s a i d : " I t w as encouraging and Harbour Watch is coming along nicely.
His participation in the first Classic of the season had been in doubt during recent days after he was found to be stiff and sore following a poor piece of work.
He saw the horse the week before last and will ride him in a piece of work in a couple of weeks' time.
He'll probably do his final piece of work towards the end of this week and his plans haven't been changed at all.
He did a sparkling piece of work as part of his final preparations for the Gold Cup, but unfortunately he pulled up lame with a very bad fracture to his off-hind cannon-bone, which sadly could not be repaired,' she said.
It's a fantastic piece of work and I'm sure it will create a lasting impression on everyone who comes to the hospital.
If only the old National Gallery itself, recognized as a failure from the day it was built, had been demolished and the whole thing conveyed to Mr Ahrends for replacement; or perhaps to the architect, whoever he was, of the Orange Street extension at the back of it, once a fine piece of work but no doubt the subject of much jeering in the architectural salons of Philadelphia.
The best piece of work in this collection is chapter two, "The Role of pia interpretatio in Nicholas of Cusa's Hermeneutical Approach to the Koran.
One of two premieres on the program, Lynne Taylor-Corbett's The Quilt, is a thoroughly predictable, slick piece of work.
Runner-up to Breedsbreeze in Sandown's Tolworth Hurdle last time, having won the Kennel Gate Novices' Hurdle at Ascot in December, the seven-year-old produced what Evans described as an "exemplary" piece of work on Saturday.
Developer MCD is showing its support of the arts by teaming up with the Ikon Gallery in Birmingham to provide the venue for Turner Prize winning artist Gillian Wearing's latest piece of work.
But Davis has turned out a highly original piece of work, a movie that feels much more cohesive than many animated films simply because it was largely the work of one man and not a writing committee.