letter of renunciation


letter of renunciation
On the London Stock Exchange this applies to a rights issue and is the form attached to an allotment letter which is completed should the original holder wish to pass his entitlement to someone else, or to renounce his rights absolutely. Exchange Handbook Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • letter of renunciation — 1) A form, often attached to an allotment letter, on which a person who has been allotted shares in a new issue renounces any rights to them, either absolutely or in favour of someone else (during the renunciation period). 2) A form on the… …   Big dictionary of business and management

  • letter of renunciation — /ˌletər əv rɪˌnʌnsi eɪʃ(ə)n/ noun a form sent with new shares, which allows the person who has been allotted the shares to refuse to accept them and so sell them to someone else …   Dictionary of banking and finance

  • renunciation — re·nun·ci·a·tion /ri ˌnən sē ā shən/ n: the act or practice of renouncing; specif: the act of refusing to continue to acknowledge, recognize, or be bound by a contract or obligation: repudiation Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • renunciation — 1) The surrender to someone else of rights to shares in a rights issue. The person to whom the shares are allotted by allotment letter (see allotment) fills in the renunciation form (usually attached) in favour of the person to whom the rights… …   Big dictionary of business and management

  • rights letter — A document sent to an existing shareholder of a company offering him shares in a rights issue on advantageous terms. If the recipient does not wish to take advantage of the offer himself he can sell the letter and the attendant rights on the… …   Big dictionary of business and management

  • Письмо-отказ — (letter of renunciation) 1. Бланк, часто прилагаемый к письму о распределении акций (allotment letter), в котором лицо, получившее акции при новой эмиссии (new issue), отказывается от своего права на них или полностью, или в пользу кого то… …   Финансовый словарь

  • ПИСЬМО-ОТКАЗ — (letter of renunciation) 1. Бланк, часто прилагаемый к письму о распределении акций (allotment letter), в котором лицо, получившее акции при новой эмиссии акций (new issue), отказывается от своего права на них или полностью, или в пользу кого то… …   Словарь бизнес-терминов

  • письмо-отказ — 1. Бланк, часто прилагаемый к письму о распределении акций (allotment letter), в котором лицо, получившее акции при новой эмиссии (new issue), отказывается от своего права на них или полностью, или в пользу кого то другого (в течение… …   Справочник технического переводчика

  • Christianity — /kris chee an i tee/, n., pl. Christianities. 1. the Christian religion, including the Catholic, Protestant, and Eastern Orthodox churches. 2. Christian beliefs or practices; Christian quality or character: Christianity mixed with pagan elements; …   Universalium

  • Novice — • The canonical Latin name of those who, having been regularly admitted into a religious order and ordinarily already confirmed in their higher vocation by a certain period of probation as postulants, are prepared by a series of exercises and… …   Catholic encyclopedia