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 mitochondria in the middle piece have evolved into the chondriosomal mantle, which is followed by the principal piece in which the axoneme is enwrapped with 9 groups of granular material.
Entitled "The Fall," after one of its principal pieces, the show is uniquely understated -- both in terms of its scale (being comprised of three acrylics and two digital prints) and the style of the work on show.
It's one of the principal pieces on the canon not to have been heard at Mechanics Hall for quite some time.
ON JANUARY 31ST, 1626, two days before his coronation, Charles I called for the principal pieces of the English regalia to be assembled at Whitehall Palace.

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