See Also: Tight money or dear money(finance)
On The Record(law)
record rim(medicine)
off-the-record(dictionary)
Record(medicine)
TV Record(finance)
Record(money)
RECORD(finance)
record(1)(dictionary)
record(2)(dictionary)

Record date (money) and orb (oh)


Record date (money)


Definition: [crh] (1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. For examplDefinition: e, a firm might declare a dividend on Nov. 1, payable Dec. 1 to holders of record Nov. 15. Once a trade is executed, an investor becomes the "owner of record" on settlement, which currently takes five business days for securitiDefinition: es and one business day for mutual funds. Stocks trade ex-dividend the fourth day before the record date, Definition: since the seller will still be the owner of record and is thus entitled to the dividend. (2) The date that determines who is entitled to payment of principal and Definition: "/?rd=interest">interest due to be paid on a Security. The record date for most MBS is the last day of the month, although the last day on which an MBS may be presenteDefinition: d for the transfer is the last business day of the month. The record dates for CMOs and asset-backed securitDefinition: ies vary with each issue.







orb (oh)



[Date: 1300-1400; Language: Latin; Origin: orbis 'wheel, circle']
literary a bright ball-shaped object, especially the sun or the moon
::the red orb of the sun
a ball decorated with gold, carried by a king or queen on formal occasions as a sign of power