Counselors to America's Small Business, formerly Service Corps of Retired Executives. Volunteer organization founded in 1964 with 10,500 members. SCORE's main office is in Washington, D.C.; it has 10 regional groups and 389 chapters. SCORE is sponsored by the U.S. Small Business Association and consists of active and retired businesspersons who provide free management advice to small businesspeople.
acronym for Special Claim on Residual Equity, a certificate issued by the Americus Shareowner Service Corporation, a privately held company formed to market the product. A SCORE gave its holder the right to all the appreciation on an underlying security above a specified price, but none of the dividend income from the security. Its counterpart, called prime, passed all dividend income to its holders, who got the benefit of price appreciation up to the limit where SCORE began. PRIME and SCORE together formed a unit share investment trust (USIT), and both were listed on the American Stock Exchange. A buyer of a SCORE unit hoped that the underlying stock would rise steeply in value.
The first USIT was formed with the shares of American Telephone and Telegraph. PRIME holders got all dividends and price appreciation in AT&T up to $75 a share; SCORE holders received all appreciation above $75. The trusts expired in 1988.
impression made along the fold line on paper to facilitate even folding. Scoring is necessary when folds must be made in heavy paper stock or against the paper grain.
