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Go around

• When the Fed offers to buy securities, to sell securities, to do repo, or to do reverses, it solicits competitive bids or offers, as the case may be, from all primary dealers. This procedure is known as a go-around.

• When the Fed offers to buy securities, to sell securities, to do repo, or to do reverses, it solicits competitive bids or offers from all primary dealers.

 
 Embedded terms in definition
 Buy
Competitive bid
Fed
Primary dealer
Repo
Securities
Sell
 
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What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

Hell, there are no rules here--we're trying to accomplish something. Thomas Alva Edison

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