TAKEOVER Definition

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TAKEOVER refers to one company (the acquirer) purchasing another (the target). Such events resemble mergers, but without the formation of a new company.

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GOOD DELIVERY, in securities, is the opposite of a fail. The instru­ment and the dollar amounts agree and a transaction is completed as initially executed. "Good delivery form" is when the instrument is properly documented in all respects and therefore acceptable for delivery to complete a transaction.

ABSORPTION PRICING is where all costs, both fixed and variable; plus a percentage mark-up for profit; are recovered in the price.

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