New-issues market

Definition:

The market in which a new issue of securities is first sold to investors. This is not a separate market but refers to a niche of the overall market.

Investing Essentials


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

Term of the Day

Minimum maintenance

The lowest required equity level that must be held with a broker in a margin account. See: margin call.

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