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 ?
The Yellow Hen had sharp eyes and could put her head close to the various pieces that lay scattered around.
Every day or so some of the Gillikins, or Munchkins, or Winkies come here to amuse themselves by matching us together, so there will be no harm in leaving these pieces where they are for a time.
cried the Shaggy Man, and ran to Dorothy with a queer-shaped piece that had a mouth on it.
I have just come from Persia and have brought with me five hundred gold pieces, and I am anxious to see if they are the proper weight.
She flung herself on her knees to implore mercy, but he cut her in four pieces.
I now gave over any more thoughts of the ship, or of anything out of her, except what might drive on shore from her wreck; as, indeed, divers pieces of her afterwards did; but those things were of small use to me.
Then I took the pieces of cable which I had cut in the ship, and laid them in rows, one upon another, within the circle, between these two rows of stakes, up to the top, placing other stakes in the inside, leaning against them, about two feet and a half high, like a spur to a post; and this fence was so strong, that neither man nor beast could get into it or over it.
It is only in those cases in which the unity of the system of appearances constituting a piece of matter has to be broken up, that the statement of what is happening cannot be made exclusively in terms of matter.
Physics treats as a unit the whole system of appearances of a piece of matter, whereas psychology is interested in certain of these appearances themselves.
By- the-bye, I've been thinking of bringing out that piece of yours on her bespeak night.
Nicholas had read a great many of these scraps, and was absorbed in a circumstantial and melancholy account of the train of events which had led to Miss Snevellicci's spraining her ankle by slipping on a piece of orange-peel flung by a monster in human form, (so the paper said,) upon the stage at Winchester,--when that young lady herself, attired in the coal-scuttle bonnet and walking-dress complete, tripped into the room, with a thousand apologies for having detained him so long after the appointed time.
Might it be that this piece of wood has learned to weep and cry like a child?