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Terms in this set (40)Amex The American Stock Exchange, which is one of the organized stock markets in New York City. Asked (or offer) Price The price that sellers are willing to accept for a particular stock and a given time. At the Market An order to buy and sell stock at the best price currently available. Auction Market The type of market found in organized stock exchanges. As in an auction, stocks are sold to the person willing to pay the highest price and purchased from the person willing to sell for the lowest price.
Benefits of Trade The advantages obtained by buyers and sellers when they trade a stock. Bid Price The price that buyers are willing to pay fr a particular stock at a given time. Broker An individual or business that specializes in bringing together buyers and sellers of stocks Clerk A member of a brokerage house who transfers orders and information between stockbrokers in an office and floor brokers at a stock exchange Commision The fee a broker and/or stockbroker collects for helping people buy and sell a stock. Costs of Trade The time and money buyers and sellers spend to find one another and arrange trades. Customer A person who buys the product or service offered by a business. Floor Broker A member of a brokerage house who completes a customer's buy or sell order on the floor of a stock exchange. Investment Banker A business that gives a corporation advice on how to raise money and also sells new issues of stocks and bonds. Limit Order An order to buy or sell a stock at a certain (or better) price. A buyer's limit order of $20 would be completed only if each share can be bought for $20 or less. Listed Stock Stocks that have been approved and listed for trading by one of the organized stock exchanges or markets. These stocks must meet specific financial and other requirements to qualify. Unlisted stocks are those that trade over the counter and do not need to meet certain standards. Market The process through which buyers and sellers exchange with one another Market-Maker A stock trader who agrees to buy and sell, or "make a market" in a company's stock. The trader uses his or her firm's money to purchase stock so he or she have shares available for people to buy. A market-maker also must agree to purchase stock back when investors want to sell. Market-makers buy and sell Nasdaq and OTC stocks. Smaller companies usually ave only a few market-makers while large companies have dozens. Nasdaq The Nasdaq Stock Market is an electronic marketplace where buyers and sellers get together via computer and hundreds of thousands of miles of high-speed data lines. More than 5,000 companies list on Nasdaq's computerized market. Nasdaq is not an exchange because it doesn't have a central floor. New Issues Market A market in which a corporation sells new stock to raise money for start-up or expansion. This market is often called the primary stock market. NYSE The New York Stock Exchange, which is one of the organized stock markets in New York City. Over The Counter Market (OTC) The over-the-counter market lacks the central trading floors of the stock exchanges. Like Nasdaq, brokers and dealers trade with one another by using computers and telephones, but unlike Nasdaq, OTC stocks do not have to meet listing standards. OTC stocks are usually small, and not frequently traded. Pink Sheet Market Another name for the OTC market. The "pink sheets" are lists of OTC stocks, and the prices at which dealers are offering to buy and sell them. These lists are printed on pink paper and distributed early every morning o the trading community. Price (of a stock) An amount agreed on between a buyer and a seller to exchange a stock certificate. Primary Markets Those markets in which stocks are offered for sale for the first time. Quotes The highest price bid by a buyer and the lowest price asked by a seller for a stock at a given time. Quotes are usually expressed in dollars and fractions of a dollar. For example, at one time a share of Apple Computer was quoted at 27 3/4, which means $27.75. Secondary Markets Those markets in which stocks can be bought and sold once they are approved for public sale. Specialest A broker or an exchange who trades in certain stocks at a specific location (post) on the trading floor. Each specialist has an assigned post where all trading of particular stocks occur. Specialists quote the current prices of stocks traded at their posts and the complete limit orders. Stockbroker A broker who accepts orders to buy and sell stock and then transfers those orders to other people who complete them. Stock Exchange One of the organized stock markets with a centralized trading floor. In this market, auction-type trading allows trader to sell stocks to the highest bidder or buy stocks from the lowest supplier. These markets consist of the New York Stock Exchange and the American Stock Exchange, both of which are located in NYC. Also included are the regional stock exchanges found outside of NYC. These are Boston, Cincinnati, Intermountian (Salt Lake City) Midwest (Chicago), Pacific (LA and San Francisco), Philadelphia (Philadelphia and Miami, and Spokane stock exchanges. Stock Market A market in which the public trades stocks that someone already owns. The market allows people to buy and sell stocks quickly and easily. Example are the New York Stock Exchange and the American Stock Exchange. This market is often called the secondary stock market. Equilibrium The price of a stock at which buyer wants to buy the same number of shares as sellers want to sell. This price is also called the Market-Clearing Price. IPO Initial Public Offering. The first time a private company issues stock on the stock market. Stock Split The division of a stock into a larger number of lower-priced shares. Preferred Stock "PF" appears immediately after a company's name. Preferred stocks have "preferred treatment" when compared to common stocks. Gain An increase above the original purchase price in the money received from the sale of a stock. Loss A decrease from the original purchase price in the money received from the sale of a stock. Risk The chance of losing money. Risk is the opposite of safety. Total Cost Of Purchase (Number of shares*Price of stock)+Broker's fee Total Received of Sale (Number of shares*Price of stock)-Brokers fee Broker's Commission 2% or .02 of purchase and sale. Sets with similar termsStock Market Vocab30 terms coopascoopa14 Managerial Finance Chapter 153 terms Paige_Ghah28 Business Finance Chapter 153 terms agardiner13 Equity Chapter 5: The Stock Market46 terms cnlafferty Other sets by this creatorAccess Database Basics14 terms Lori_Shively Introduction to Business Chapter 620 terms Lori_Shively Introduction To Business Chapter 2931 terms Lori_Shively Shively ITB Chapter 11 Government in Our Economy21 terms Lori_Shively Recommended textbook solutions
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Mathematics with Business Applications6th EditionMcGraw-Hill Education 3,760 solutions Other Quizlet setsMarketing Exam 3 / Chapter 1928 terms jaylaaaaaAmor Investment Analysis Ch 3-679 terms Hannah_VanAmburgh SERIES 7 TOP-OFF EXAM - Orders and trade execution136 terms millindlePLUS Vocab, Terms, Modules 1, 2, 3, 4, 5363 terms Cecelia_DiNicola Related questionsQUESTION Why do investors truthfully reveal their interest in an offering to the investment banker? 7 answers QUESTION pepsi and coke would love to come togerther to form a soft drink cartel which is an example of which marketing strategy 2 answers QUESTION NASDAQ Market Center Execution System (the "System") 8 answers QUESTION Antitrust laws are primarily intended to protect competitors not competition 5 answers What is the place where stocks are bought and sold?Stocks are generally bought and sold electronically through stock exchanges, the two primary ones in the United States being the New York Stock Exchange (NYSE) and the National Association of Securities Dealers (NASDAQ).
What is a place where stocks and bonds are traded and sold?A stock market is a place where investors go to trade equity securities (e.g., shares) issued by corporations. The bond market is where investors go to buy and sell debt securities issued by corporations or governments.
Is a market where securities are bought and sold quizlet?The secondary markets are those in which these securities are bought and sold after the original sale. Equities are, of course, issued solely by corporations.
What is traded in capital market?Capital markets are financial markets that bring buyers and sellers together to trade stocks, bonds, currencies, and other financial assets. Capital markets include the stock market and the bond market.
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