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Glossary > P > "Piece" Definition

Piece

Mainly applies to convertible securities. Increment of bonds that trade in portions of $1,000 minimum. Not all bonds can be traded in pieces, and the increments can vary.

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Piece - Mainly applies to convertible securities. Increment of bonds that trade in portions of $1,000 minimum. Not all bonds can be traded in pieces, and the increments can vary.

Piece : mainly applies to convertible securities. increment of bonds that trade in portions of $1,000 minimum. not all bonds can be traded in pieces, and the increments can vary.