A debt investment issued by corporations, municipalities and governments, in which the issuer borrows money from an investor and agrees to settle the debt and the predefined interest rate at a predetermined later date.
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Telephones and telex used for trading quotes were replaced in 1973, as Reuters introduced computer monitors.
Word of the day
"Day Order" - A trade order that is valid until the end of the given trading day, at which point it automatically expires. Day Orders are also known as Good for the Day Orders.
Most market activity occurs when at least two market centres are open at the same time.