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Oversubscription privilege

• In a rights issue, arrangement by which shareholders are given the right to apply for any shares that are not taken up.

• Provides for distribution of shares for which rights were not exercised to interested shareholders on a pro rata basis at the stated subscription price.

 
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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

If everybody is thinking alike, then somebody isn't thinking. - George S. Patton, Jr.

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