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Meaning / Definition of

Standard & Poor's Depositary Receipt (SPDR)

Categories: Finance,

When you buy SPDRs - pronounced spiders - you're buying shares in a unit investment trust (UIT) that owns a portfolio of stocks included in Standard & Poor's 500-stock index (s&p 500). a share is priced at about 1/10 the value of the s&p 500.Like an index mutual fund that tracks the s&p 500, SPDRs provide a way to diversify your investment portfolio without having to own shares in all the s&p 500 companies yourself. However, while the net asset value (NAV) of an index fund is set only once a day, at the end of trading, the price of SPDRs, which are listed on the american stock exchange (AMEX), changes throughout the day, reflecting the constant changes in the index. SPDRs, which are part of a category of investments known as exchange traded funds, can be sold short or bought on margin as stocks can.Each quarter you receive a distribution based on the dividends paid on the stocks in the underlying portfolio, after trust expenses are deducted. If you choose, you can reinvest those distributions to buy additional shares.

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Definition / Meaning of

Principal Register

Categories: Patent, Legal, ,

primary trademark register of the USPTO. When a mark has been registered on the Principal Register, the mark is entitled to all the rights provided by the trademark act. The advantages of owning a registration on the Principal Register include the following: constructive notice to the public of the registrant’s claim of ownership of the mark (15 U.S.C. Section 1072); A legal presumption of the registrant’s ownership of the mark and the registrant’s exclusive right to use the mark nationwide on or in connection with the goods and/or services listed in the registration (15 U.S.C. Sections 1057(b) and 1115(a); A date of constructive use of the mark as of the filing date of the application (15 U.S.C. Section 1057(c); TMEP Section 201.02); The ability to bring an action concerning the mark in federal court (15 U.S.C. Section 1121); The ability to file the U.S. registration with the U.S. Customs Service to prevent importation of infringing foreign goods (15 U.S.C. Section 1124); The registrant’s exclusive right to use a mark in commerce on or in connection with the goods or services covered by the registration can become “incontestable,” subject to certain statutory defenses (15 U.S.C. Sections 1065 and 1115(b)); and The use of the U.S. registration as a basis to obtain registration in foreign countries.

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