HASH TOTAL Definition

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HASH TOTAL is a control total that has no meaning in itself except for control, e.g., total social security numbers of employees paid.

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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.

APE is Account Period Ending (Normally followed by the date the accounting period ends). See also Accounting Period.

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