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 ?
Dominated a low-level handicap but went to pieces one week later when coming off the bridle over a furlong out.
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 63-year-old, from Tobermore Road in Desertmartin, Co Derry, said: "To be honest I went to pieces.
35 Newbury) Best caught fresh and form went to pieces in second half of last season.
Distillery were well organised for the first 45 minutes, but once Wesley Boyle broke the deadlock on 45 minutes, the Whites simply went to pieces.
O'Sullivan went to pieces, continually chuckling, and shaking his head as security staff dashed into action.
WHEN Robbie Fowler (left) was forced out of Liverpool by Gerard Houllier his head and his game went to pieces.
But someone had faith in him, Campbell having been backed at 250 on Betfair for the Order of Merit, a trade that now looks inspired after he kept his game together while Paul McGinley's went to pieces in the World Match Play final at Wentworth yesterday.
The home side went to pieces and on 78 minutes Luke Rodgers made them pay with a brilliant solo goal to give Shrewsbury the lead.
But McMillan revealed: "The last time I heard a big club were watching me, it really affected me and I went to pieces.