Understanding the Markets

Stanza di Compensazione Italian clearing organization.

State-controlled economy Country where all aspects of activity

are controlled by the government.

Stepped A stepped coupon is one which rises or falls in a

predetermined way over the life of an arrangement.

Stock In some countries (e.g. the USA), the term applies to

ordinary share capital of a company. In other countries (e.g. the UK),

stock may mean share capital that is issued in variable amounts

instead of in fixed specified amounts, or it can describe government

loans.

Stock dividend Dividends paid by a company in stock instead of

cash.

Stock Exchange Automated Quotation System (SEAQ) Elec-

tronic ...