Tag: broker

Hard Stop

Hard Stop What is 'Hard Stop' A price level that, if reached, will trigger an order to sell an underlying security. Hard...

Yield Spread Premium

DefinitionA yield spread premium is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a...

Immediate Or Cancel Order (IOC)

Immediate Or Cancel Order (IOC) What is an 'Immediate Or Cancel Order - IOC' An immediate or cancel order (IOC) is an...

National Association Of Securities Dealers (NASD)

National Association Of Securities Dealers (NASD) What was the 'National Association Of Securities Dealers - NASD' The National Association of Securities Dealers...

Odd Lot

Odd Lot What is an 'Odd Lot' An odd lot is an order amount for a security that is less than the...

Margin Call

DefinitionMargin Call is a 2011 American drama film written and directed by J. C. Chandor. The principal story takes place over a 24-hour period...

Omnibus Account

DefinitionAn Omnibus Customer Securities Account is a securities account used by a brokerage firm or its affiliated clearing firm in order to maintain appropriate...

Mandatory Mortgage Lock

Home Ownership by Country Mandatory Mortgage Lock What is 'Mandatory Mortgage Lock' The sale of a mortgage in the secondary mortgage market...

Maintenance Margin

DefinitionIn finance, margin is collateral that the holder of a financial instrument has to deposit with a counterparty to cover some or all of...

Short Selling

DefinitionIn finance, a short sale is the sale of an asset that the seller does not own. The seller effects such a sale by...

EDITOR PICKS