"Where Everyone Has an MBA"
Tel: (612) 246-4616
Tel: (612) 246-4616
ACTIVE is a a security eligible for the OTC Bulletin Board (OTCBB) that meets the frequency of quotation requirement or the so-called "piggyback" exception. Once the frequency of quotation or piggyback exception has been satisfied, authorized participants may register on-line in a security. As long as the security remains active, any participant may quote the security without a Form 211 submission.
MERCHANT BANK is a specialized bank that offers investment services, corporate advice, trade and project finance, exchange rate dealing, etc to their clients worldwide. Sometimes also acts as an issuing bank for stocks and bonds, and can also advise companies involved in mergers.
NOMINAL INTEREST RATE is the stated, or named, interest rate in a note or contract; the nominal interest rate may differ from the true or effective interest rate. See EFFECTIVE INTEREST RATE.
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