• (1) A dealer or customer who agrees to buy at another dealer's offered price is said to take that offer. (2) Also, Euro bankers speak of taking deposits rather than buying money.
• (1) A dealer or customer who agrees to buy at another dealer's offered price is said to take that offer.
(2) Eurobankers speak of taking deposits rather than buying money.
| ||Embedded terms in definition|
| ||Referenced Terms|
| ||12b 1 funds: Mutual funds that do not charge an upfront or back-end commission, but instead Take out up to 1.25% of average daily fund assets each year to cover the costs of selling and marketing shares, an arrangement allowed by the SEC's Rule 12b-I (passed in 1980).|
| ||Adp: Is the Alternative Delivery Procedure at the New York Mercantile Exchange. It provides for longs and shorts to make and Take delivery under terms which differ from those specified as good delivery for the contract. These transactions can occur at any time during a delivery period.|
| ||Affirmative covenant: A bond covenant that specifies certain actions the firm must Take.|
| ||Binomial option pricing model: An option pricing model in which the underlying asset can Take on only two possible, discrete values in the next time period for each value that it can take on in the preceding time period.|
| ||Bucketing or to bucket trades: Refers to several illegal activities. Most common is the holding of customer orders by a broker who does not report an immediate execution to the client. In this case the broker would try to Take advantage of a known buy (or sell) and do an intermediate trade for himself. For example, a customer gives a market order to buy and the broker executes an immediate transaction. However, the market advances and then the broker sells the instrument at which time he fills the customer order. The client then missed the benefit of the lower price. Sometimes, the term is used for the action of inappropriately using a client's funds for unauthorized trading.|
| ||Related Terms|
| ||Take a position|
Take or pay contract
Take up fee