英语词汇“vertical security exchange”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

单词	vertical security exchange
释义	vertical security exchange Vertical Security Exchange The trade of one type of security for another. For example, two investors may agree to trade a stock one holds for a bond the other holds. This is often tax-free. vertical security exchange The exchange of one security for a different security (that is, stock for debt or debt for stock). Exchange offers involving unlike securities are generally tax-free unless the investor only receives debt in exchange for stock.
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vertical security exchange