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Catchword for “tail swallowing”
Catchword: tail swallowing
Filed Under: , ,
Part of Speech: n.
Quotation: More than two million HBOS shareholders will soon have to make a decision about whether they might be throwing good money after bad if they subscribe to the bank’s £4bn rights issue.…If you do not have enough money to subscribe to the rights issue, you are basically confined to either selling the rights yourself or having the company do so. However, you could sell enough of your nil paid rights to pay for the rights on the remaining allocation in a process known as “tail swallowing.“ Tail swallowing allows you to take up a proportion of the rights, but without putting any extra cash in.
Article or Document Title:
“Millions of investors must decide soon over HBOS, RBS and B&B rights issues” (URL)
Author:
Myra Butterworth
Article, Document, Publication, Web Site:
Telegraph
Publishing Location:
United Kingdom
Date of Publication:
May 13, 2008
This catchword has yet to be researched.
Posted 19 May 08 | Permalink | Tell a Friend

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