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Meaning / Definition of

Corporate Securities Limited Representative

Categories: Stocks, Investing and Trading, Brokerages,

Individual that has passed the series 62 exam administered by the national association of securities dealers. Passing the exam gives the individual a license to trade asset-backed securities, closed-end investment companies, common stock, corporate bonds, money market mutual funds, preferred stock, privately issued mortgage-backed securities, real estate investment trusts (REITs), rights, and warrants. In order for brokers to trade all general securities (with the exception of commodities futures), brokers must take the general securities representative examination (also known as series 7 exam), and in some cases, series 63 state examinations.

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Definition / Meaning of

Terms Of Reference

Categories: Business and Management,

A document which describes the objectives, scope and purpose of a project, committee, meeting, etc. See 'agree specification/terms of reference' in the project management section. Separately the acronym BOSCARDET provides a useful example structure for TOR headings/sections: Background, Objectives, Scope, Constraints, Assumptions, Reporting, Dependencies, Estimates, Timescales. Note that this particular structure has no specific heading for costs/budgets, and so care must be taken to include these considerations, logically within ''Constraints' or 'Estimates'. There is no standard universal structure for a Terms of reference document because the situations vary widely in which TOR are used. Responsibility lies with the project manager or leader to ensure all relevant and necessary issues are included in TOR. Local interpretation often produces TOR headings and document structure which may be unique to the particular situation. Where an organization oversees many projects/activities requiring Terms of reference documents it is likely that organizational 'standard' TOR formats are used. Obviously it makes sense to follow such standards where they apply, mindful of the risks of omission, over-complexity, or unnecessary work, which can arise from routinely applying a standard structure.

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