Away

Definition:

A trade, quote, or market that does not originate with the dealer in question, e.g., "the bid is 98-10 away from me."

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Mortgage bond

A bond in which the issuer has granted the bondholders a lien against the pledged assets. See: Collateral trust bonds

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