Definitions for "Pines"
Pines are in the genus Pinus, the family Pinaceae, and the Division Coniferophyta. Pines are characterized by needle-like leaves in bundles of 1-5 needles each depending upon the species of pine. In addition, the cones are woody, and are pendulous on the tree.
(also MID-LANE) The area from approximately the arrows to three-quarters of the way down the lane.
Generally referred to as the middle 20 feet of the lanes. Actually, on wood lanes, it represents the 45 feet between the arrows and the head pin.
Public Income Notes, represent general, unsecured, unsubordinated obligations of a company that are sold to the general public in small amounts usually $25, trade on the stock exchanges, pay fixed specified quarterly interest payments, are redeemable at par plus accrued interest at the option of the company after a specified period (generally 5 years), and mature in 30 to 50 years. PINES trade flat on the markets (the price does not include accrued interest in the trading price). PINES rank equally with the company's other unsecured and unsubordinated debt.