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Inactive Post
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
The
post on the floor of the New York Stock Exchange at which transactions
in inactive stocks take place. The unit of trade for inactive stocks is 10 shares instead
of 100 shares. Inactive stocks
are those in which trading interest is scant, and frequently embrace those,
including preferred stocks, whose capitalizations are small. An inactive stock may be transferred to an active if conditions
justify, or vice versa.
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