Meaning CROSS: Securities transaction in which the same broker acts as agent for both sides of the trade; a legal practice only if the broker first offers the securities publicly at a price higher than the bid
More terms such as Cross in Dictionary C.
- Definition Consortium Banks:
- Examples A merchant banking subsidiary set up by several banks that may or may not be of the same nationality. Consortium banks are common in the Euromarket and are active in loan syndication cross definition.
- Definition Clean:
- Examples general equities, block trade that matches buy or sell orders/interests, sparing the block trader any inventory risk (no net position and hence none available for additional customers). Natural cross explain.
- Definition Cash And Equivalents:
- Examples that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and Banker's Acceptances. Cash cross what is.
- Definition Currency Risk Sharing:
- Examples An agreement by the parties to a transaction to share the currency risk associated with the transaction. The arrangement involves a customized hedge contract embedded in the underlying transaction cross meaning.
- Definition Clean Price:
- Examples Bond price excluding accrued interest cross abbreviation.
