CHURNING Definition

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CHURNING, in securities, is the frequent trading of an account in order to generate commissions.

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REGISTRATION RIGHTS is the right to require that a company register restricted shares. Demand Registered Rights enable the shareholder to request registration at any time, while Piggy Back Registration Rights enable the shareholder to request that the company register his or her shares when the company files a registration statement (for a public offering with the SEC).

LABOR BUDGET see DIRECT LABOR BUDGET.

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