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Today's Terms
National Association of Securities Dealers Automated Quotation system (Nasdaq)
Definition:
An automated information network that provides brokers and dealers with price quotations on the approximately 5,000 most active securities traded over the counter.
Reasonableness
Definition:
Although a certain rule might have been stated, one still needs to ask the question, for instance, "Was it reasonable to fire an employee for selling CDs in the breakroom"?
Bond
Definition:
A certificate reflecting a firm's promise to pay the holder a periodic interest payment until the date of maturity and a fixed sum of money on the designated maturing date.
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