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Today's Terms
National Association of Securities Dealers Automated Quotation system (Nasdaq)
Definition:
An automated information network that provides brokers and dealers with price quotations on the approximately 5,000 most active securities traded over the counter.
Reasonableness
Definition:
Although a certain rule might have been stated, one still needs to ask the question, for instance, "Was it reasonable to fire an employee for selling CDs in the breakroom"?
Over-the-counter
Definition:
Figurative term for the means of trading securities that are not listed on an organized stock exchange such as the New York Stock Exchange. Over-the-counter trading is done by broker-dealers who communicate by telephone and computer networks.
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