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 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.
They picked up some of these pieces and looked at them carefully.
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.
When this was done I went down the ship's side, and pulling them to me, I tied four of them together at both ends as well as I could, in the form of a raft, and laying two or three short pieces of plank upon them crossways, I found I could walk upon it very well, but that it was not able to bear any great weight, the pieces being too light.
bread, rice, three Dutch cheeses, five pieces of dried goat's flesh (which we lived much upon), and a little remainder of European corn, which had been laid by for some fowls which we brought to sea with us, but the fowls were killed.
They drew under the same plan as before, but there could be but one result--Clayton drew the 1875 piece.
Monsieur Thuran spread his coat upon the bottom of the boat, and then from a handful of money he selected six franc pieces.
I will conclude with an attempt to give a more precise definition of a piece of matter.
It may happen that immediately after the man's death his body is blown to pieces by a bomb.
I am sure, where you ever learnt to act as you do,' said good- natured Mrs Borum, turning again to Miss Snevellicci, 'I cannot understand (Emma, don't stare so); laughing in one piece, and crying in the next, and so natural in all--oh, dear
Nicholas worked away at the piece, which was speedily put into rehearsal, and then worked away at his own part, which he studied with great perseverance and acted--as the whole company said--to perfection.