Tana

Flat Dollar Definition.

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The term “flat dollar definition” refers to a method of calculating the price of a security using a fixed dollar amount. This method is often used when the security is traded in a foreign currency. To calculate the price of the security using the flat dollar definition, the trader would take the current exchange rate … Read more

Possessory Lien Definition.

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A possessory lien is a legal claim that a person or entity has on another person’s property. This type of lien gives the claimant the right to take possession of the property if the owner fails to pay a debt or fulfill some other obligation. Possessory liens are typically used by creditors, landlords, and mechanics … Read more