See " Bank of Germany."
See " Gold Import Point."
See " Betterment."
See next subject.
The " ticker " abbreviation for " income."
A bank account against which very few checks are drawn and at infrequent intervals, and to the credit of which deposits are not often made; or an account with a broker which shows infrequent purchases and sales on the part of the customer.
When sales are growing less in volume and transactions are few and for small amounts.
Securities which are bought and sold only at infrequent intervals; seldom quoted; difficult for the public at large to ascertain the market value of. There are brokers, or bankers, in nearly every important city who make a business of dealing in inactive securities in general, or are specialists in regard to certain ones. (See " Active Stocks or Bonds.")
The English term for a bank clerk who enters in the bank's clearing books at the " clearing-house " the items against his bank as received, and who determines the " clearing-house balance" for his bank. This term distinguishes him from the " out-clearer," who is the clerk at the bank making similar records of items against other banks for collection. (See subjects in quotations.)
See " Corporation."
This is generally understood to be a contract, an agreement under seal, or a deed between two or several parties. The name arises from a custom of drawing a deed with the edge indented for identification and greater security. Blackstone says: "If a deed be made by more parties than one, there ought to be regularly as many copies of it as there are parties, and each should be cut or indented ... on the top or side, to tally or correspond with the others; which deed, so made, is called an indenture." ¹
See "Telephone Securities." ing the principal for others, must be more careful to distinguish between real income and increase which comes from an increase in the value of the property." - The American Law Relating to Income and Principal. 1 Blackstone's Commentaries.
See " Council Drafts."