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On a ticker or in a newspaper listing of stocks, a symbol indicating a transaction involving a right rather than a specific security. See also: Warrant.
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Used on the consolidated tape to indicate the transaction of a right: AEP rt 50s 1/4 .
Used in stock transaction tables in newspapers to indicate a listing for rights. No dividend, yield, or price-earnings ratio is listed for a right because dividends are not paid and earnings are not applicable: ContIl rt.
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.