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Meaning of Give up explanation. What is securities transaction involving three brokers, as follows.

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Give up definition

Meaning GIVE UP: Used for listed equity securities. (1) Term used in a securities transaction involving three brokers, as follows: Broker A, a floor broker, executes a buy order for broker B (a member firm broker who has too much business at the time to execute the order). The broker with whom broker A completes the transaction (the sell-side broker) is broker C. Broker A "gives up" the name of broker B, so that the record shows a transaction between broker B and broker C even though the trade is actually executed between broker A and broker C; (2) distribution of commissions to brokerage houses not participating in a trade. This is a grey area of the law governing reimbursement of a broker for services (e.g., research). See: Directed brokerage

More terms such as Give up in Dictionary G.

Definition Guaranteed Insurance Contract:
Examples A contract promising a stated nominal interest rate over some specific time period, usually several years give up definition.
Definition Gaijin:
Examples Japanese term used to describe a nonJapanese investor in Japan give up explain.
Definition Grantor Trust:
Examples A mechanism of issuing MBS wherein the mortgages' collateral is deposited with a trustee under a custodial or trust agreement give up what is.
Definition Godfather Offer:
Examples An aggressive takeover technique in that the proposed offer of the acquiring company is so large that management of the target company cannot refuse, out of fear of lawsuits or shareholder revolt give up meaning.
Definition Generic:
Examples Describes the characteristics and/or experience of the total universe of a coupon of MBS sector type; that is, in contrast to a specific pool or collateral group, as in a specific CMO issue give up abbreviation.
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