Z Definition

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Z as the fifth letter of a Nasdaq stock symbol indicates that the listing is a fifth class of preferred, a stub, a limited partnership interest, second class of warrants, or foreign preferred upon issuance.

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CASH AGAINST DOCUMENTS (CAD) is a transaction where the buyer assumes ownership/title for the goods being purchased upon paying the agreed upon sale price in cash.

CAPITAL GAIN is the excess of selling price over purchase price, which may be given special treatment for tax purposes provided the sale takes place more than a given number of months after purchase.

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