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Active Securities
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles
J Woelfel
(We recommend this as work of authority and you can order
it here)
Securities
in which there is a continuous market, i.e., in which transactions occur
frequently; in which there is a narrow spread between the bid and asked
prices; in which sales may be quickly made; and in which there is minimum
price fluctuation caused by the effected transaction, whether a purchase
or sale. Such securities
are said to enjoy a good market and consequently possess an extra type
of demand – for trading accounts which favor the issues with high marketability
as trading media – and high loan value.
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