APPORTION Definition

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APPORTION is to divide and share out according to a plan.

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DUN is when you importune (beg or are insistent upon) a debtor for payment: a dunning letter.

STRAPS is Stated Term Rate Auction Preferred Stock; issues having a fixed dividend rate, usually for three to five years. After this period, the security becomes an auction-rate preferred and the holder can sell the stock at par on the date of the first auction. STRAPs trade like and are com­pared to a short-term sinking fund preferred stock.

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