What is a "terp"?

Question

What is a name for a type of private club in city outskirts or rural areas that usually offers a variety of recreational sports facilities such as golf, tennis, swimming and polo?

Answer 1

Theoretical ex-rights price (TERP) is a situation where the stock and the right attached to the stock is separated

• TERP (theoretical ex right price) is a weighted average between the reference quoted market price and the subscription price of the new shares.
• The theoretical ex-rights fair value per share is calculated by adding the aggregate market value of the shares immediately before the exercise of the rights to the proceeds from the exercise of the rights, and dividing by the number of shares outstanding after the exercise of the rights.