MARKET ORDER
Most common way of carrying orders; an instruction or order from a client, via broker or brokerage service, to immediately purchase or sell an investment at the best current market price. It is the default option and is likely to be administered because it does not have restrictions on the buy and sell prices or the timeframe a market order can be entered. If the broker does not receive an additional instruction from the investor, it will automatically be placed as market order.
Sometimes referred to as unrestricted order.
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Pinning the Strike
The tendency of the price of a stock to close near the strike price of heavily traded option as the expiration date nears.
Ratable Accrual Method
Ratable Accrual Method is used to determine when and how much was gained in a certain period of time. This method may be used to compute the intere ...
Goldbricker
Referring to an unproductive employee who tries to avoid work and/or responsibilities. They also use working office hours to use the internet or pe ...
Tier 1 Capital
First part of two-tier risk based capital standard describing the capital sufficiency of a bank. A core capital, it entails common stock, disclosed ...
Forward Exchange Contract
An agreement between 2 parties to exchange 2 designated currencies at a certain time period in the future.
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