Term used to describe a tradable security that costs nothing to the original seller. Usually concerns a right such as a revocable discount purchase right offered to corporate shareholders.
Related information about nil paid:
- Nil-Paid Definition | Investopedia
Security that is tradeable but originally posed no cost to the seller. For example, a renounceable right being sold by the original owner to another investor is ...
- Nil-Paid - Financial Dictionary - The Free Dictionary
A tradeable security that did not incur any costs on its original owner. A common example is renounceable cum rights on a stock, which are attached to a stock ...
- PLC - Nil paid or nil paid rights
Nil paid rights are received by shareholders who hold their shares in CREST in the form of a credit to their CREST account, and by shareholders who hold their ...
- Financial ABC's - Nil paid
The term nil paid (alternatively, "nil-paid") denotes rights that are tradeable but that were not originally paid for by the seller. Such a right is simpl.
- Nil-paid rights - MoneyWeek
Definition of 'Nil-paid rights' from MoneyWeek's financial glossary.
- What is nil paid? definition and meaning
Definition of nil paid: Term used to describe a tradable security that costs nothing to the original seller. Usually concerns a right such as a revocable discount ...
- Barclays Stockbrokers - What are Nil Paid Shares?
Nil Paid shares (NPD or Nil Paid Rights) are issued in a Rights Issue to show your entitlement to buy new shares at a set price. If you wish to buy...
- Nil paid shares (Meaning of)
When a rights issue is announced, you receive nil paid rights in your account to indicate your right (but not obligation) to participate in the rights issue. Nil paid ...