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HOSTILE BID: The price a buyer is willing to pay to purchase enough stock to obtain controlling interest in company during a hostile takeover. A hostile bid price is inevitably greater than the current market price of the stock. The higher price is designed to induce reluctant stockholders to sell their stock.
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ECONOMIC EFFICIENCY Obtaining the most consumer satisfaction from available resources. In other words, resources are allocated in such a way that consumer satisfaction is at its highest possible level. This is also termed either efficiency or allocative efficiency.
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A scripophilist is one who collects rare stock and bond certificates, usually from extinct companies.
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"Chance favors only the prepared mind." -- Louis Pasteur, biologist
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MLE
Maximum Likelihood Estimator
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