Big Figure

Big Figure - The big figure is a security's price that is expressed using term of whole dollars, without including any cents or decimal values. An example of this would be: Let's say a certain security is actually trading at 130.996, but when being negotiated the value would be secured at 130, and the .966 decimal value would not be included in the value expressed. This is also often known as the handle. By doing it this way, it simplifies the process and rounds things off, although when buying the security the entire amount is included in the price, not the securities expressed value.