Operationally efficient market

Definition:

Market in which investors can obtain transactions services that reflect the true costs associated with furnishing those services. Also called an efficient market.

Investing Essentials


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

Term of the Day

Expected future return

The return that is expected to be earned on an asset in the future. Also called the expected return.

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