nil paid shares


nil paid shares
Shares issued without payment, usually as the result of a rights issue

Accounting dictionary. 2014.

Look at other dictionaries:

  • nil paid shares — /ˌnɪl peɪd ʃeəz/ plural noun new shares which have not yet been paid for …   Dictionary of banking and finance

  • nil paid — or nil paid rights The rights to subscribe for new shares when the amount payable on acceptance of the offer of new shares has not been paid. Related links tail swallowing Practical Law Dictionary. Glossary of UK, US and international legal terms …   Law dictionary

  • nil paid rights — nil paid or nil paid rights The rights to subscribe for new shares when the amount payable on acceptance of the offer of new shares has not been paid. Related links tail swallowing Practical Law Dictionary. Glossary of UK, US and international… …   Law dictionary

  • Nil-Paid — Security that is tradeable but originally posed no cost to the seller. For example, a renounceable right being sold by the original owner to another investor is considered nil paid. A right is an opportunity to purchase more shares, usually at… …   Investment dictionary

  • Nil Paid Rights —    Rights issues are typically offered at a discount to the prevailing market price of the existing securities, so the allotment letters have a market value and may be traded as nil paid rights before payment for the new shares is due.    ► See… …   Financial and business terms

  • nil paid — A new issue of shares, usually as the result of a rights issue, on which no payment has yet been made. Exchange Handbook Glossary …   Financial and business terms

  • Capital gains tax in Australia — Capital Gains Tax (CGT) in Australia applies to the capital gain made on disposal of any asset, except for specific exemptions. The most significant exemption is the family home. Rollover provisions apply to some disposals, one of the most… …   Wikipedia

  • ISO 10962 — is the CFI (Classification of Financial Instruments) code maintained by the International Organization for Standardization ( ISO). It is an alphabetical code consisting of 6 letters. The first letter is the category, the second is the group, and… …   Wikipedia

  • open offer — An issue of shares by a company for cash to existing shareholders on a basis pro rata to existing shareholdings. It is similar to a rights issue. However, the key difference is that the right to subscribe for shares in an open offer is not… …   Financial and business terms

  • rights issue — An issue of shares for cash by a company to its existing shareholders on a basis pro rata to their existing shareholdings. The issue will normally be at a substantial discount to the current share price (usually between 20% and 40% discount). The …   Financial and business terms