REMARKETED PREFERRED STOCK Definition

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REMARKETED PREFERRED STOCK is a preferred stock issues­-auction-rate preferred stock, e.g., where the dividend is set by a single marketing agent rather than through a Dutch Auction process.

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CONSOLIDATED NEXUS is a consolidation of a connected series or group (usually contracts).

DEMAND DRAFT, also known as sight draft, is a draft payable on demand from the date of issue, e.g. a payroll check.

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