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Rebate
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Rebate

The following information is about Rebate.

Rebate Defined

Negotiated return of a portion of the interest earned by the lender of stock to a short seller. When a stock is sold short, the seller borrows stock from an owner or custodian and delivers it to the buyer. The proceeds are delivered to the lender. The borrower, who is short, often wants a rebate of the interest earned on the proceeds under the lender's control, especially when the stock can be borrowed from many sources. Note: The seller must pay the lender any dividends paid out or, in the case of bonds, interest that accrues daily during the term of the loan.

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Dow Down 370 After Volatile Session

Published October 6, 2008, 2:57 pm, R News

Wall Street reeled again Monday. Rising fears over frozen credit triggered a record sell-off that sent the major indexes into an afternoon free fall. Large declines on global stock markets deflated the Dow Jones by a single-day record 800 points just after midday.

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Groups Crack Down on Greece Schools

Published October 6, 2008, 2:57 pm, R News

Two citizen action groups in Greece met with the New York State Attorney General's office. The Greece Citizens in Action (CIA) and Citizens for Accountability and Reform in Education (CARE) want the attorney general to launch a second investigation into the Greece school district.

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Local Biz Linked to Obama Donation

Published October 6, 2008, 1:53 pm, R News

The owners of a Livingston County business are scratching their heads over a story about presidential campaign donations. A Newsweek article exploring anonymous donations to political campaigns mentions Lloyd & Lynn's Liquor & Wine in Nunda.

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Real Patriots Don't Spend

Published October 6, 2008, 1:32 pm, Time Magazine

The lesson from the financial crisis? Our frugal founding values actually make sense

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G.R.A.P.E. Holds Candidate Forum

Published October 6, 2008, 12:27 pm, R News

The candidates for the 25th Congressional District are trying to get their messages heard. Monday, Republican Dale Sweetland and Democrat Dan Maffei attended a candidates forum in Webster. The Greater Rochester Partnership for the Elderly or G.R.A.P.E., sponsored the event.

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NEWS 2 GO!

Published October 6, 2008, 10:17 am, WKTV Utica

All the news and weather information you need as you continue throughout your day. From the state of Wall Street, to an accident in Yorkville, it's all in your NEWS 2 GO!

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Finger Lakes Gear Up For a Busy Fall

Published October 6, 2008, 8:40 am, R News

The summer may be long gone but in the Finger Lakes the busiest season is just getting started. From festivals to the fall foliage the fall season attracts more tourists than any other time of year. It’s activity that hasn't slowed down despite a slumping economy.

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McCain, Obama on the issues

Published October 6, 2008, 7:54 am, Boston Globe

A look at where Democrat Barack Obama and Republican John McCain stand on a selection of issues:

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Geva Collects Musical Instruments for Students

Published October 6, 2008, 7:54 am, R News

Geva Theatre is hosting a community-wide musical instrument drive today to benefit Rochester City School District students. Geva hopes to collect more than fifty different instruments to benefit the city's music program. The elementary level of the program includes more than 2,500 kids.

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McCain, Obama on the issues

Published October 6, 2008, 7:53 am, Las Vegas Sun

Mon, Oct 6, 2008 (7:33 a.m.)

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