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securities

appraiser

An appraiser is an expert hired to examine an object or piece of property to determine its value. This determination is called an appraisal, and is commonly required for the purchase, sale, or refinancing of real estate or to gain insurance on property or make a claim if insured property is lost or stolen.

appreciation

Appreciation is an increase in an asset’s value, usually due to inflation or other external economic factors (the opposite of depreciation). 

In more common parlance, appreciation may also be recognition or understanding of the value or significance of a person or thing. 

[Last reviewed in June of 2021 by the Wex Definitions Team]

Banking Act of 1933 (Glass-Steagall)

The Banking Act of 1933, commonly referred to as the Glass-Steagall Act, was a landmark piece of legislation in the United States that introduced significant reforms to the banking industry. It was enacted in response to the financial crises and bank failures during the Great Depression.

beneficial ownership

A beneficial ownership is a trust arrangement whereby the beneficial owner of a security has the power to vote on and influence decisions regarding that security, and receives the benefit afforded by the security, even though in street name the security may be held by someone other than the true owner, such as a broker, for safety or convenience reasons.

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