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Business Definition for: classification
Dictionary of Business Terms
classification

  1. classes or grades by which jobs are evaluated.
  2. any method of delineating and categorizing business activities and products.

Dictionary of Insurance Terms
classification
See also class
Related Terms:
class

  1. securities having similar features. Stocks and bonds are the two main classes; they are subdivided into various classes-for example, mortgage bonds and debentures, issues with different rates of interest, common and preferred stock, or Class A and Class B common. The different classes in a company's capitalization are itemized on its balance sheet.
  2. options of the same type-put or call-with the same underlying security. A class of option having the same expiration date and exercise price is termed a series.

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 Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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