- piece
- Apply mainly to convertible securities ( convertible security). Increment of bonds that trade in portions of $1000 minimum. Not all bonds can be traded in "pieces," and the increments can vary. Bloomberg Financial Dictionary
* * *
piece piece [piːs] noun [countable]1. ten-pence/fifty-cent etc piece a coin of a particular value:• Does anyone have change for a 50 pence piece?
2. a single thing of a particular type:piece of• a piece of equipment
• a 24-piece cutlery set
3. supply/sell something by the piece COMMERCE to supply or sell something as a single thing rather than in a pair or a set4. pay somebody/work by the piece COMMERCE if people work or are paid by the piece, they are paid for each thing they produce, not for the amount of time it takes to produce it* * *
piece UK US /piːs/ noun [C]► a single thing of a particular type, especially one of many: a piece of sth »A faulty piece of software caused the bank's online facility to shut down for three hours.
»He produced an excellent piece of work.
»a piece of data/evidence/information
► a coin that has a value below 100 pence, cents, etc.: »a fifty-pence/fifty-cent piece
Financial and business terms. 2012.