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An agreement signed by the original United Nations members in 1944 that established the International
Monetary Fund (I.M.F.) and the post-World War II international monetary system of fixed exchange rates.
Bridge financing
Interim financing of one sort or another used to solidify a position until more permanent financing is
arranged.
Bring it out
Used in the context of general equities. Make stock available for sale to indicated buyers.
British clearers
The large clearing banks that dominate deposit taking and short-term lending in the domestic sterling
market.
Broken up
Used for listed equity securities. Prevented from executing a trade (committed to upstairs) due to exchange
priority rules excluding ones order (i.e., Higher bid/lower offer on floor, market order must be satisfied).
Broker
An individual who is paid a commission for executing customer orders. Either a floor broker who executes
orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders.
Person who acts as an intermediary between a buyer and seller, usually charging a commission. A broker
who specializes in stocks, bonds, commodities, or options acts as agent and must be registered with the
exchange where the securities are traded. Antithesis of dealer.
Brokered market
A market where an intermediary offers search services to buyers and sellers.
Broker loan rate
Related: Call money rate.
Bubble theory
Security prices sometimes move wildly above their true values until the bubble bursts.
Buck
Slang for one million dollars.
Buck investor
An investor who knows the market will rise over the next 30+ years, using time as his greatest asset.
Related: Bull and Bear
Buck market
Any 30+ year market where prices will be in an upward trend, where time is the greatest asset. Related: Bull
and Bear
Budget
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