"Cannot complete"

Definition:

In the context of general equities, inability to finish an order on a principal or agency basis, given prevailing price instructions and/or market conditions.

Investing Essentials


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

Term of the Day

Proxy Fight

Competition of outside group with management for stockholders' proxies in order to accumulate votes to elect a new board of directors.

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