What Does Domiciliated Mean?

It is negotiable paper payable in a place other than where it is drawn and is said to be domiciliated where payable.

What Is A Drawback?

A shipping term referring to rebates given by railroads from regular freight rates to favored customers.

What Is A Drive?

It is an attempt to force prices down. "The bears made a drive at the market," is a familiar expression.

What Is A Drop In The Market?

The equivalent of a break, though a drop is usually due to natural causes, and is not so extreme as a break.

What Is A Duck; Dead Duck; Lame Duck?

They are London Stock Exchange phrases seldom heard in Wall Street. A "duck" is a broker. The "lame duck" is a broker who fails to meet his engagements, and a "dead duck" is a broker who is down and out, past all recovery.

What Is Early Information?

"Early information and a big bank roll will 'break' the best man that ever came to Wall Street," is a saying in Wall Street that is a classic.

What Do The Letters E. And O. E. Abbreviate?

Errors and omissions excepted.

What Are Engagements?

It refers to ocean and lake vessels chartered for grain transportation. They are termed engagements.

What Is An Equity?

Equity in a property is the difference between the selling value of the property encumbered and the amount of the obligation. The equity in a loan is the difference between what the securities pledged as collateral are worth, and the amount borrowed on them. Securities are, as a rule, accepted by financial banks as collateral at about 75% of their market value. The difference, of course, is between the market value of the securities and the amount of equity.

What Are Estimated Car Lots?

Lots that are expected at the primary grain markets on any day following an estimate.

What Is An Exchange?

The word "exchange" in a financial sense refers to the payment of an obligation in one city by the transfer of a credit from another city. The obligation is discharged without the direct borrowing of money. The exchange itself is an order obtained in one place for the payment of money in another place. There is no practical difference between a "bill of exchange" and a "draft." The term "bill of exchange" is ordinarily applied to an order for money payable in a foreign country, but the term "draft" is used to specify an order for domestic use or payable within the country of its origin. Used as an abbreviation of Stock Exchange.

What Is Exhaust Price?

The point at which your margins are exhausted in a short sale, and the point at which your broker must close or sell you out, if you do not renew your margins.

What Are Exporting Countries?

Grain producing countries which raise more wheat than they consume and sell the surplus to foreign countries. The United States, Argentina, Russia, Hungary, India, Roumania, and Australia are the leading exporting grain countries.

What Is The Meaning Of Ex-Rights?

A stock sold "ex-rights" conveys the buyer no privilege to participate in any right that recently may have been granted to the stockholders.

What Is The Meaning Of Ex-Store?

The opposite of the grain term "Free on Board." It means that when the prices quoted are "ex-store" for goods in stock, the shipping expenses are defrayed by the buyer.