Parking

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Parking

Putting money into safe investments such as money market investments while deciding where to invest the money.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Parking

1. The act or practice of investing in low risk and/or highly liquid securities while one decides where to invest in the medium and long term. For example, one may park one's money in a Treasury bond, or even a savings account, while one makes these decisions.

2. The act of illegally holding or financing stock on behalf of another party with the intent to conceal that party's ownership. Parking occurs when an investor would otherwise own more that 5% of shares outstanding, which would require him/her to register certain information with the SEC. Parking is a method a corporate raider uses when he/she wishes to conceal his/her intent to acquire a company. The raider therefore enlists another's help in doing so by asking him/her to hold or finance a certain amount of stock. See also: Williams Act.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

parking

1. Placing idle funds in a safe, short-term investment while awaiting the availability of other investment opportunities. Many investors end up parking proceeds from a security sale in a money market account while searching for other securities to purchase.
2. Transferring stock positions to another party so that true ownership of the stock will be hidden. For example, an investor involved in the takeover of a company may park securities of the company with other investors so that the management of the target company will not know the extent of the investor's stock ownership. Parking for this purpose is generally illegal.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in classic literature ?
In violent and extraordinary contrast with this scene of destruction, close at hand were the huge newspaper establishments of Park Row.
Everywhere, too, were flagstaffs devoid of flags; one white sheet drooped and flapped and drooped again over the Park Row buildings.
Far away, through a gap in the trees, I saw a second Martian, as motionless as the first, standing in the park towards the Zoological Gardens, and silent.
The dusky houses about me stood faint and tall and dim; the trees towards the park were growing black.
I can't tell you all about it now, for there's Matilda, I see, in the park, and I must go and open my budget to her.
They saw it as they walked up the pine-fringed hill from the park. Just on the crest, where Spofford Avenue petered out into a plain road, was a little white frame house with groups of pines on either side of it, stretching their arms protectingly over its low roof.
"To Pendragon Park, sir," said the servant, rather sombrely, and began to close the door.
And turning the corner by the open lodge-gates, he set off, stumping up the long avenue of black pine-woods that pointed in abrupt perspective towards the inner gardens of Pendragon Park. The trees were as black and orderly as plumes upon a hearse; there were still a few stars.
We went next to the wing on the right, which was built, by way of completing the wonderful architectural jumble at Blackwater Park, in the time of George the Second.
They were just returned into the wilderness from the park, to which a sidegate, not fastened, had tempted them very soon after their leaving her, and they had been across a portion of the park into the very avenue which Fanny had been hoping the whole morning to reach at last, and had been sitting down under one of the trees.
Nor though the old lady would by no means hear of Rebecca's departure, was the latter regularly installed in office in Park Lane.
Then came the illustrious Mungo Park, the friend of Sir Walter Scott, and, like him, a Scotchman by birth.

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