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For a Market On Close (MOC)-eligible security, the last sale price equals the calculated closing price. If the MOC closing price acceptance parameters are exceeded, it equals the last board lot sale price of the security on the exchange in the regular trading session.For any other listed security, the last sale price equals the last board lot sale price of the security on the exchange, in the regular trading session.

A long-term put or call option (as long as three years).

LEAPS are stock options that have expiration dates that extend beyond one year.

Take over of a public corporation using borrowed funds. 

The debts and obligations of a company or an individual. Current liabilities are debts due and payable within one year. Long-term liabilities are those payable after one year. Liabilities are found on a company’s balance sheet or an individual’s net worth statement.

An order to buy or sell stock at a specified price. The order can be executed only at the specified price or better. A limit order sets the maximum price the client is willing to pay as a buyer, and the minimum price they are willing to accept as a seller.

Stock trading tracked in periods shorter than one day.

Raw materials, work in process, and finished goods that haven’t been shipped to customers.

A person employed by an investment dealer who provides investment advice to clients and executes trades on their behalf in securities and other investment products.

An organization, usually a stock brokerage firm, involved in taking a new company public (IPO), consulting on mergers and acquisitions, handling corporate borrowing, etc.