Special Claim on Residual Equity(redirected from Special Claims on Residual Equity)
Special Claim on Residual Equity (SCORE)
Special Claim on Residual Equity
A unit investment trust entitling the holder to the capital appreciation on the securities in the trust but not to dividends, coupons, or other claims. In other words, a SCORE behaves much like a warrant on the capital appreciation of stock. A SCORE has a strike price (known as a termination price) and an expiration date (known as a termination date). It contrasts with a PRIME. See also: Americus Trusts.