Basis Grade
Also known as contract grade or pargrade, basis grade is the minimum standard an asset must meet to be considered worthy of inclusion in a futures contract.
It's essentially the baseline against which other types of the same product are compared, in order to determine the quality of the item, economically speaking. Which, incidentally, is pretty much our first language.
Related or Semi-related Video
Finance: What are Pink Sheets?4 Views
Finance a la shmoop what are pink sheets? well they're just white sheets which got [White sheets in a washer]
washed with one new red sock thrown in yeah you know what we're talking about but
they're also a publication by the national quotation Bureau that lists
prices of over the counter or OTC stocks usually shares of delisted that are very
small thinly traded companies that pretty much well nobody cares about [Man underwater wearing snorkle and goggles]
anymore sorry guys just keeping it real other than you know bottom feeder
investors tax loss buyers and well the cardiologists investment Club of Greater
South Milwaukee yeah Bert we're looking at you
well these shares don't need to file papers with the SEC or meet pretty much
any form of registration rules the way that stocks on exchanges do they tend to
be highly illiquid and have maybe a single dealer making a market in them
that is if you want to buy them well you make an appointment for you know a [Man sitting in a waiting room]
see-you-next-tuesday at 11:30 a.m. and negotiate directly with the dealer who
may or may not have a few shares laying around to sell you or to buy from you
thanks to that publication which used to be printed on yes pink paper
pink sheets of papers, see the clever naming there...Trading OTC stocks is
sometimes referred to as trading on the pink sheets if a company's stock symbol
includes the letters PK well it trades on Pink Sheets no word on whether
matching shams or throw pillows are included when you trade those so you'll [A bed with pink sheets appears]
have to look that up on your own
Up Next
A penny stock is a stock that trades for an extremely low value or amount of money per share.
What Does It Mean to Delist? To delist is when a company removes its name and ticker from an exchange. This means that the company is no longer ava...