SECT n.
r allegiance distinct from others; in religion, the believers in a particular creed, or upholders of a particular practice; especially, in modern times, a party dissenting from an established church; a denomination; in philosophy, the disciples of a particular master; a school; in society and the state, an order, rank,…
SEIGNIORAGE n.
rom it. If government, however, throws the expense of coinage, as is reasonable, upon the holders, by making a charge to cover the expense (which is done by giving back rather less in coin than has been received in bullion, and is called "levying a seigniorage"), the coin will rise to the extent of the seigniorage abov…
STRADDLE n.
A stock option giving the holder the double privilege of a "put" and a "call," i. e., securing to the buyer of the option the right either to demand of the seller at a certain price, within a certain time, certain securities, or to require him to take at the same price, and within the same time, the same securities. [B…