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Tip of the Day

Tip of the Day Never Buy The Extended Warranty

Never Buy The Extended Warranty - Most of the time new products automatically come with a ninety-day or one-year warranty, which is during the period most products that are defective,...

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Pre-Sold Issue

Pre-sold issue - An issue of securities that is sold, before the details of the new issue are released to the market. The issue can be offered for sale by a company or by the government. In the case of a company for instance, preferred stock owners can be invited to buy more stock, before others have the opportunity to buy stock. In that case a company is able to get the funds they need in a quicker way. The stock market is not involved in a pre-sold issue; as the issue already has been sold. It might even save costs for the company to pre-sell stock issues.

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Definition of the Day National Best Bid and Offer

National Best Bid and Offer - National Best Bid and Offer is the Security and Exchange Commission rule that requires the brokers to guarantee that the customers receive the best prevailing ask price when they purchase the securities and the best prevailing bid price when they sell securities. This incorporates...

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