Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
cash underpinning agreement: synopsis — A note of the main terms of a cash underpinning arrangement (also known as a cash underwritten alternative) applying on a takeover bid. A cash underpinning arrangement (also known as a cash underwritten alternative) will be required where the… … Law dictionary
merger — merg·er / mər jər/ n 1: the absorption of a lesser estate or interest into a greater one held by the same person compare confusion 2: the incorporation and superseding of one contract by another 3 a: the treatment (as by statute) of two offenses… … Law dictionary
Day 60 — In the context of UK takeovers, the last day on which the offer may be declared or become unconditional as to acceptances. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
offer period — As specified in the City Code on Takeovers and Mergers, the period from announcement of an offer or potential offer until the first closing date or, if later, the date when the offer becomes or is declared unconditional as to acceptances or… … Law dictionary
shut out — index ban, bar (exclude), barred, condemn (ban), debar, discharge (dismiss) … Law dictionary
City Code on Takeovers and Mergers — The City Code on Takeovers and Mergers (2009) is a binding set of rules that apply to listed companies in the United Kingdom, such as those trading on the London Stock Exchange. Many of its provisions are mirrored in the EU Takeover Directive… … Wikipedia
Bankers' acceptance — A banker s acceptance, or BA, is a time draft drawn on and accepted by a bank. Before acceptance, the draft is not an obligation of the bank; it is merely an order by the drawer to the bank to pay a specified sum of money on a specified date to a … Wikipedia
BA — banker s acceptance (BA) A short term financial instrument that is the unconditional obligation of the accepting bank. Banker s acceptances, or BAs, arise from transactions involving the import, export, transit, or storage of goods, including… … Financial and business terms
banker's acceptance — ( BA) A short term financial instrument that is the unconditional obligation of the accepting bank. Banker s acceptances, or BAs, arise from transactions involving the import, export, transit, or storage of goods, including domestic as well as… … Financial and business terms
money market — the short term trade in money, as in the sale and purchase of bonds and certificates. [1925 30] * * * Set of institutions, conventions, and practices whose aim is to facilitate the lending and borrowing of money on a short term basis. The money… … Universalium
