"O.K. to cross"

Definition

Used for listed equity securities. "Legal to cross the buy and sell orders on the exchange floor because transactor is not a principal in the transaction."

Nearby Terms

"News out" "No Autex" "O.K. to cross""Participate but do not initiate""Put it on "

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

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Covenant
An agreed action to be undertaken (Positive) or not done (Negative). A breach of a covenant is a default.

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