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 ?
The middle piece elongated into a rather long cytoplasmic sheath surrounding the proximal part of the flagellum.
The 1-1[micro]m long principal piece follows the middle piece. No chondriosomal mantle was observed in the principal piece.
The tuning slide was in reality a device to extend still farther the total available pitch levels on the instrument, or to avoid the use of so many middle pieces. Quantz knew of earlier attempts to introduce such a slide in the foot of the instrument, but concluded that it produced serious problems with regard to the pitch of many notes.
``She's got more power behind the saddle and in the middle piece.
Equally complex, but much more lighthearted, is Rhapsody in Blue (1987), Spaight's tribute to American music, which was the middle piece in the show.
Fold back the strips that are woven under the middle piece. Then lay another strip across the middle, and flip alternate strips back again.