collar
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Burton's Legal Thesaurus. . 2006


collar
The minimum amount or rate, as opposed to the maximum amount or rate, which is known as the cap. Collar also refers to a form of derivative used in the US.
+ collar
USA
A mechanism used in mergers to protect parties against certain risks associated with market fluctuations when a buyer's stock comprises all or part of the merger consideration. The collar sets a range the price of a buyer's stock can fall into where the parties agree to certain adjustments or no adjustments to the exchange ratio. Collars can protect parties in various ways, for example:
• By protecting a buyer from significant dilution by capping the number of shares payable in a merger.
• Guarantying the target company's stockholders a minimum ownership interest in the buyer post-closing.
• Assure target company stockholders that the total deal value falls in a specified range.
There are several formulations of the collar, but the most common are listed above.

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

Synonyms:

Look at other dictionaries:

  • Collar — may refer to: Human neckwear: Collar (clothing), the part of a garment that fastens around or frames the neck Ruff collar Slave collar Collar (BDSM), a device of any material placed around the neck of the submissive partner in BDSM Collar… …   Wikipedia

  • Collar — Col lar, n. [OE. coler, coller, OF. colier, F. collier, necklace, collar, fr. OF. col neck, F. cou, fr. L. collum; akin to AS. heals, G. & Goth. hals. Cf. {Hals}, n.] 1. Something worn round the neck, whether for use, ornament, restraint, or… …   The Collaborative International Dictionary of English

  • collar — Col lar, n. [OE. coler, coller, OF. colier, F. collier, necklace, collar, fr. OF. col neck, F. cou, fr. L. collum; akin to AS. heals, G. & Goth. hals. Cf. {Hals}, n.] 1. Something worn round the neck, whether for use, ornament, restraint, or… …   The Collaborative International Dictionary of English

  • Collar — Col lar, v. t. [imp. & p. p. {Collared}; p. pr. & vb. n. {Collaring}.] 1. To seize by the collar. [1913 Webster] 2. To put a collar on. 3. to arrest, as a wanted criminal. Same as {put the collar on}. [PJC] {To collar beef} (or other meat), to… …   The Collaborative International Dictionary of English

  • Collar — (abgeleitet vom lateinischen collare Halseisen für Sklaven ) bezeichnet: im Finanzwesen eine Kombination aus zwei gegenläufigen Optionen, siehe Collar (Finanzwesen) in der Mykologie einen Teil eines Pilzes, siehe Collar (Mykologie) im BDSM ein… …   Deutsch Wikipedia

  • collar — sustantivo masculino 1. Adorno o joya que rodea el cuello sin ceñirlo: un collar de perlas. 2. Especie de cinturón pequeño que rodea el cuello de ciertos animales domésticos: Puso un collar antiparasitario al gato. 3. Insignia de ciertas… …   Diccionario Salamanca de la Lengua Española

  • collar — [käl′ər] n. [ME coler < OFr colier < L collare, band or chain for the neck < collum, the neck < IE base * kwel , to turn > WHEEL, Ger hals, neck] 1. the part of a garment that encircles the neck 2. a cloth band or folded over piece …   English World dictionary

  • collar of S's — or collar of SS or collar of esses, an ornamental collar comprising a number of S s, sometimes combined with other figures, long in use in England, having been worn as a badge by adherents of the royal house of Lancaster, and still forming a part …   Useful english dictionary

  • collar — [n] neck attire bertha, choker, dicky, Eton, fichu, fraise, frill, jabot, neckband, ruff, torque, Vandyke; concepts 450,452 collar [v] apprehend abduct, appropriate, arrest, bag, capture, catch, cop*, corner, get, grab, hook, lay hands on, nab,… …   New thesaurus

  • collar — (Del lat. collāre, de collum, cuello). 1. m. Adorno que ciñe o rodea el cuello. 2. Insignia de algunas magistraturas, dignidades y órdenes de caballería. 3. Faja de plumas que ciertas aves tienen alrededor del cuello, y que se distingue por su… …   Diccionario de la lengua española

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