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 ?
Then I took up the pig and held him to my breast with my jacket (so he couldn't drip) till I got a good piece below the house and then dumped him into the river.
The man obeyed, and placed in my brother's hands a purse containing five hundred pieces of gold.
Among the valuables of the trousseau was a piece of exquisite lace, that had never been even worn.
Without attempting to oppose her further, but merely shrugging my shoulders, I placed twelve more ten-gulden pieces upon the table.
And the poet rummaged in his pocket, and drew out a piece of brass, oblong, quadrangular, about a line in thickness, and an inch and a half in length.
She gave each a little piece of bread, and said: 'There is something for your dinner, but do not eat it up before then, for you will get nothing else.
It drifted about till it went to pieces, and often Starkey came to the shore of the lagoon, and with many bitter feelings watched the bird sitting on his hat.
The strangers entered the first house they came to, which was also the largest, and found the floor strewn with pieces of the people who lived there.
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.
The 1875 piece was a hair thinner than the other coins, but neither Clayton nor Spider could have detected it without the aid of a micrometer.
Thereupon the Robber put five hundred pieces of gold into the Cadi's hand.
On the sofa lay an old guitar, several thumbed pieces of music, and a scattered litter of curl- papers; together with a confused heap of play-bills, and a pair of soiled white satin shoes with large blue rosettes.