Meaning NONMEMBER FIRM: Used for listed equity securities. Brokerage firm that is not a member of an organized exchange (NYSE). Such firms execute trades either through member firms, or on regional exchanges where they are members, or in the third market
More terms such as Nonmember firm in Dictionary N.
- Definition Nominal Exercise Price:
- Examples The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price nonmember firm definition.
- Definition New York Stock Exchange (NYSE):
- Examples Also known as the Big Board or the Exchange nonmember firm explain.
- Definition Net Asset Value (NAV):
- Examples #039;s investments. For a mutual fund, the net asset value per share usually represents the fund's market price, subject to a possible sales or redemption charge. For a closed-end fund, the nonmember firm what is.
- Definition Normal Probability Distribution A Probability Distribution For A Continuous Random Variable That Forms A Symmetrical Bell-Shaped Curve Around The Mean. This Distribution Has No Skewness Or Excess Kurtosis.Normal Random VariableA Random Variable That Has A Normal Probability Distribution.Normal RetirementThe Age Or Number Of Working Years After Which A Pension Plan Beneficiary Can Retire And Receive Unreduced Benefits Immediately.Normal Trading UnitSee: Round Lot.Normalized EarningsEarnings That Have Been Adjusted In Order To Take Into Account The Effect Of Cycles In The Economy.Normalizing Method Making A Change In The Income Account Equivalent To The Tax Savings Realized Through The Use Of Different Depreciation Methods For Shareholder And Income Tax Purposes, Thus Washing Out The Benefits Of The Tax Savings Reported As Final Net Income To Shareholders.Not A Name With UsRefers To Over-The-Counter Trading. Not A Registered Market Maker In The Security, Especially In OTC And Convertibles, Or Having Nothing Real To Do.Not-For-ProfitAn Organization Established For Charitable, Humanitarian, Or Educational Purposes That Is Exempt From Some Taxes And In Which No One In Profits Or Losses.Not RatedA Rating Service Indicator, Neither Positive Nor Negative, Showing That A Security Or Company Has Not Been Rated.Not-Sufficient-Funds CheckA Bank Check Having Insufficient Funds To Back It.Not Held Order (NH Order):
- Examples international equities. Market or limit order in which the customer does not desire to transact automatically at the inside market (market held) but instead has given the trader or floor broker nonmember firm meaning.
- Definition Nonrated:
- Examples A bond that has not been rated by a large rating agency, usually because the issue is too small nonmember firm abbreviation.
