Flash

Definition:

Value of a security displayed, or flashed across the tape, when the tape display cannot keep up with volume on an exchange and lags the current price by more than approximately five minutes.

Investing Essentials


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

Term of the Day

Reopen an issue

The Treasury, when it wants to sell additional securities, will occasionally sell more of an existing issue (reopen it) rather than offer a new issue.

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