Please select your local newspaper or TV station to go to your city site. A securities issue of stocks sold on the instalment plan.
Buyers pay for the shares in two or more payments over a specified period.
Certificates are issued when the shares are fully paid but they trade as instalment receipts from the time of the first payment. Pricing of instalment receipts in the secondary market will factor in the deferred payments. The periodic charge, expressed as a percentage, for use of credit. A new issue of securities offered to the investing public for the first time. CanWest Global Communications Corp. All rights reserved.