Pending Benefits

Please choose the most appropriate answer for each sentence.
  • 1

    ..... security sale is a case in which the seller reserves to himself the rights to all of its pending benefits.

  • 2

    In a ..... insurance company, policyholders who buy a 'participating' product, e.g. whole life insurance, gain entitlement to vote for the board of directors as well as share in declared annual dividends.

  • 3

    The fundamental concept of a ..... sets a separate legal entity to control financial assets for the benefit of the beneficiary; the individual establishing it is called the grantor.

  • 4

    Across the street from the NYSE is the Consolidated Stock and Petroleum Exchange of New York, fondly known as the "..... board", but disrespectfully referred to by residents as the "morgue".

  • 5

    ..... houses scout out inefficiencies in the market and mis-priced securities, and then they make trades which produce risk-free profits.

  • 6

    A contract ..... is a provision found in most common law contracts requiring the person hiring the general contractor to retain a certain percent of the payment for a specified period in order to ensure that the subcontractors are paid.

  • 7

    After the preliminary prospectus is filed with the SEC, the company may begin to sell the securities, but during the ..... period, they may make offers only (a) with a summary prospectus adhering to the disclosure requirements, (b) orally, or (c) using a tombstone advertisement.

  • 8

    A ..... option is a standardized option contract with terms determined by an exchange and having its trade cleared through a clearing house.

  • 9

    A married couple can submit their income tax returns in only 2 ways: (1) as married filing ....., in which case all their income and deductions are lumped, or (2) as married filing separately, in which case they each account for these items individually.

  • 10

    Fiduciaries may retain without liability for loss any investments authorized when received or made, even though they no longer qualify as such, if they exercise due care in the retention or disposition of these ..... investments.

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