ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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PICKUP, in securities, is the higher yield obtained in a swap transaction-that is, the improved yield on the item being purchased relative to the selling yield on the security being liquidated.
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PREFERENCE SHARE see PREFERRED STOCK.
OPEN REPURCHASE AGREEMENT is a repurchase agreement with no set maturity date and often a rate of return that fluctuates on a daily basis, depending on market rates. The yield on this type of investment is higher than on a daily repurchase agreement because the agreement often runs several days and the dealer usually requires some short notice before the investor can withdraw funds.