Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• WIDGET
  
  A brand of listed security representing a claim against a share or basket of shares. A widget with an underlying index or basket is comparable to SPDRS (q.v.) or WEBS (q.v.) listed on the American Stock Exchange, but can have a different underlying portfolio. A widget with an underlying share is comparable to an ADR (q.v.). W.I. Carr Indosuez of Hong Kong created and listed widgets on the Luxembourg Stock Exchange. (Rachel Horsewood, "What's in a Name – Introducing the Widget," AsiaRisk, August 1997.) The main advantage is reducing the transaction cost for investing in a basket of shares.
  
  Back