What Are Share Purchase Rights? A share repurchase right in a financial contract gives the right holder the option, but not the obligation, to purchase (or repurchase) a predetermined number of shares at a predetermined price. Key Takeaways: A share repurchase right in a financial contract gives the right holder the option, but not the
What Is a Share Repurchase? A share repurchase is a transaction whereby a company buys back its own shares from the marketplace. A company might buy back its shares because management considers them undervalued. The company buys shares directly from the market or offers its shareholders the option of tendering their shares directly to the
What Is Share Turnover? Share turnover is a measure of stock liquidity, calculated by dividing the total number of shares traded during some period by the average number of shares outstanding for the same period. The higher the share turnover, the more liquid company shares are. Share turnover should not be confused with the turnover
What Is Sharia? The term sharia refers to a set of Islamic religious law that governs aspects of day-to-day life for Muslims in addition to religious rituals. Sharia law also provides religious followers with a set of principles and guidelines to help them make important decisions in their lives, such as finances and investments. Islamic
What is the Sharing Economy? The sharing economy is an economic model defined as a peer-to-peer (P2P) based activity of acquiring, providing, or sharing access to goods and services that is often facilitated by a community-based online platform. Key Takeaways The sharing economy involves short-term peer-to-peer transactions to share use of idle assets and services or
What Is a Shelf Offering? A shelf offering is a Securities and Exchange Commission (SEC) provision that allows an equity issuer (such as a corporation) to register a new issue of securities without having to sell the entire issue at once. The issuer can instead sell portions of the issue over a three-year period without re-registering the
What Is a Sheriff’s Sale? A sheriff’s sale is a public auction at which property that has been repossessed is sold by court order in order to compensate unpaid creditors. The proceeds of the auction are used to pay mortgage lenders, banks, tax collectors, and other litigants who have lost money on the property. In
What Is Shitcoin? The term shitcoin refers to a cryptocurrency with little to no value or a digital currency that has no immediate, discernible purpose. The word is a pejorative term often used to describe altcoins or cryptocurrencies that were developed after bitcoins became popular. The diminished value of a shitcoin is often due to failed
What Is Shock Therapy? In economics, shock therapy theorizes that sudden, dramatic changes in national economic policy can turn a state-controlled economy into a free-market economy. Shock therapy is intended to cure economic maladies—such as hyperinflation, shortages, and other effects of market controls—to jump-start economic production, reduce unemployment, and improve living standards. However, shock therapy can
What Is a Shoestring? The slang term “shoestring” often describes a small amount of money which may be an inadequate amount to fund the intended purpose of its use in full. The budgeting process is where the term will most frequently appear, as in a “shoestring budget” or alternately as “on a shoestring.” Examples of
