LESSOR Definition

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LESSOR is the party who conveys specified property to another for a period of time in return for the receipt of rent.

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LOAN STOCK is stock bearing a fixed rate of interest. Unlike a debenture, loan stock may or may not be secured.

MINIMUM QUOTE SIZE REQUIREMENT, NASD Rule 6650, is the minimum size at which a market maker is permitted to display bid or offers in the BBX. The minimum size required depends on the price of the stock. For example, all quotes on the OTCBB priced under $0.50 have a minimum quote size of 5,000 shares.

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