SURCHARGE Definition

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SURCHARGE is a charge added on top of another charge for a specific service, product or purpose.

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ODD LOT is a quantity of securities less than the accepted unit of trading.

VEST / VESTING / VESTED, in law, is to give a secured right of present or future award. An entity has a vested right to an asset that cannot be taken away by a third party, even if physical possession of the asset has not yet been realized.

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