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Term of the Day
Treasury DRIP
Treasury Direct
treasury general account (TGA)
Definition
A type of
dividend
reinvestment
program
that allows
stockholders
to use
dividends
to
buy
stock
from a
company's
treasury
reserve. The
additional
stock is issued
directly
from the
company
, which typically allows it to
offer
the
shares
at a
discount
,
around
2%-4%.
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Popular 'Stocks' Terms
equity
common stock
mutual fund
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stock
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