Meaning PASS THE BOOK: The process of transferring responsibility for a brokerage firm's trading account from one office to another around the world in order to benefit from trading 24 hours a day
More terms such as Pass the book in Dictionary P.
- Definition Pickup:
- Examples The gain in yield that occurs when a block of bonds is swapped for another block of higher-coupon bonds pass the book definition.
- Definition Payer:
- Examples The person making a payment to a payee pass the book explain.
- Definition Performance Bond:
- Examples A surety bond between two parties, insuring one party against loss if the terms of a contract are not fulfilled pass the book what is.
- Definition Protect:
- Examples salesperson or trader that interest, buy or sell, will be attended to, given any change in the trading circumstances, as follows:At a price: If the stock trades at a certain price or price range, the pass the book meaning.
- Definition Passive Portfolio:
- Examples A market index portfolio pass the book abbreviation.
