Securities and Exchange Commission (SEC): Federal
agency charged with protecting the public against wrongdoing
in the sale of securities.
security exchange: market where brokers meet to buy
and sell
stocks and bonds. security: something such as property
or other goods used to provide a guarantee for a loan.
selling costs: costs involved in distributing, promoting
and
selling a product. selling price: price at which someone
is willing to sell.
selling short: gamblers love this technique that lets them
bet a stock price will drop. It works this way: you borrow
stock from your broker and sell it. If the price drops, you buy the
shares you owe the broker and return them, pocketing the
difference between what you sold them for and what you
bought them back for. You're in trouble if the price rises since
you still owe the broker his shares.
seniority: the importance assigned to a worker's length of
service when it comes to questions of raises or layoffs, etc.
