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 ?
We definitely panicked - our skills went to pieces - but we have still got a lot to play for,'' he added.
He went to pieces in the end,"said Scanlon who, boxing for the Birmingham City club, goes forward to the next Midlands stage at Stoke on April 1.
BIGGEST DISAPPOINTMENT: ``When my first marriage went to pieces and when my second wife died.
The Ryder Cup star went to pieces and missed the fairway on the 18th.
Billion Dollar Kid Simon Callaghan Second, Newmarket, June 27 Something wrong since his reappearance fourth and a wind problem was reported after he went to pieces in the closing stages when favourite for this claimer.
China, who had been leading, lost concentration and recorded a no dive with their final attempt then one of the Russians hit his foot on the board and the Americans also went to pieces.
The 1985 Open winner went to pieces on the last nine as he managed par just twice and hit five bogies and two doubles.
I went to pieces, just hearing his voice,'' Torgerson said.
Devastated Angie, of Amersham, Bucks, said of the gruesome delivery: "I went to pieces - I just sank to the floor.