John Downes and Jordan Elliot Goodman - All books by this author
Barron’s Business Dictionaries - All books in this series
More than 5,000 terms related to stocks, bonds, mutual funds, banking, tax laws, and transactions in the various financial markets are presented alphabetically with descriptions. The new eighth edition has been updated to take account of new financial regulations and recent dramatic swings in equities, credit, and other financial resources. Readers will also find a helpful list of financial abbreviations and acronyms, as well as illustrative diagrams and charts. Here’s a valuable short-entry dictionary for business students, as well as for office reference and the home bookshelves of private investors.
ONLINE BROKER in general, any broker that provides trading services to its customers over the Internet, which includes established full-service brokers such as Merrill Lynch as well as a range of discount- and deep discount brokers. The connotation of the term on-line broker, which is used interchangeably with electronic broker and cyberbroker, is a deep discount broker whose principal, if not only, existence, is on-line. These on-line brokers typically charge flat rates, usually for transactions up to 1,000 shares, with additional fees for larger or more complicated orders, a fraction of the amounts charged by full-service brokers. The downside is minimal service, the risk of technical interruptions, and the possibility that low publicized transaction costs may hide extra costs associated with THIRD MARKET executions. See also DIRECT ACCESS.
About the Series:
Pocket-size books each list and define several thousand specialized terms alphabetically. Titles in this series were compiled and written by recognized authorities in their fields.
Paperback / 880 Pages / 4 3/16 x 7 / 2010