Business and Personal Finance Dictionary

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• SPECIAL-PURPOSE ENTITY (SPE) - a financing vehicle that is not a substantive operating entity, usually ...
  
  
• SPECIAL-PURPOSE PROPERTY - Hotels, resorts, nursing homes, theaters, schools, places of worship and oth...
  
  
• SPECIALIST - A specialist or specialist unit maintains a fair and orderly market in a specific security...
  
  
• SPECIALIST BLOCK PURCHASE AND SALE - Purchase of a large number of securities by a specialist for himse...
  
  
• SPECIALIST MARKET - Market in a stock made solely by the specialist, as no public orders, and hencefort...
  
  
• SPECIALIST MARKET-MAKER - A New York Mercantile Exchange-sponsored pro-gram under which a designated tr...
  
  
• SPECIALIST UNIT - A specialist who maintains a stable market by acting as a principal and agent for oth...
  
  
• SPECIALIST'S BOOK - Chronological record maintained by a specialist that includes the specialist's own ...
  
  
• SPECIALIST'S SHORT-SALE RATIO - The percentage of the total short sales of stock sold short by speciali...
  
  
• SPECIALIZED FINANCING ENTITY - A term in the Bank Act referring to an investment vehicle via which bank...