nil paid
nil paid or nil paid rights
The rights to subscribe for new shares when the amount payable on acceptance of the offer of new shares has not been paid.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Nil-Paid — Security that is tradeable but originally posed no cost to the seller. For example, a renounceable right being sold by the original owner to another investor is considered nil paid. A right is an opportunity to purchase more shares, usually at… …   Investment dictionary

  • nil paid — A new issue of shares, usually as the result of a rights issue, on which no payment has yet been made. Exchange Handbook Glossary …   Financial and business terms

  • nil paid rights — nil paid or nil paid rights The rights to subscribe for new shares when the amount payable on acceptance of the offer of new shares has not been paid. Related links tail swallowing Practical Law Dictionary. Glossary of UK, US and international… …   Law dictionary

  • Nil Paid Rights —    Rights issues are typically offered at a discount to the prevailing market price of the existing securities, so the allotment letters have a market value and may be traded as nil paid rights before payment for the new shares is due.    ► See… …   Financial and business terms

  • nil paid shares — /ˌnɪl peɪd ʃeəz/ plural noun new shares which have not yet been paid for …   Dictionary of banking and finance

  • nil paid shares — Shares issued without payment, usually as the result of a rights issue …   Accounting dictionary

  • Nil Darpan — Nil Durpan (Bengali: নীল দর্পন।, The Mirror of Indigo; translated as Nil Darpan; or, The Indigo Planting Mirror) is a Bengali play written by Dinabandhu Mitra in 1858 1859. The play was essential to Nilbidraha, or Indigo revolt of February–March… …   Wikipedia

  • tail swallowing — On a rights issue, where a person sells sufficient of his nil paid rights in order to enable him to take up the balance of his entitlement under the rights issue, using the net proceeds of the sale of the nil paid rights to enable him to do so.… …   Law dictionary

  • ISO 10962 — is the CFI (Classification of Financial Instruments) code maintained by the International Organization for Standardization ( ISO). It is an alphabetical code consisting of 6 letters. The first letter is the category, the second is the group, and… …   Wikipedia

  • splitting — index division (act of dividing) Burton s Legal Thesaurus. William C. Burton. 2006 splitting …   Law dictionary

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