Clean Opinion: In the context of general equities, block trade that matches buy or sell orders/interests, sparing the block trader any inventory risk (no net position and hence none available for additional customers). Natural. Antithesis of open.

 

Related Words

Clean Opinion: In the context of general equities, block trade that matches buy or sell orders/interests, sparing the block trader any inventory risk (no net position and hence none available for additiona . . . View Full Definition

On A Clean Up: Used in the context of general equities. Willingness to participate in part of a trade if all of the stock available is spoken for except for the 'clean up amount.'

Opinion Letter: A written document issued by government agencies used to provide a ruling on a particular issue.

Opinion Of Title: An opinion of the marketability of a title given by an attorney based on the abstract of title.

Lift, Clean And Place: (sometimes also 'preferred lies, winter rules') a mode of play, usually because of muddy or poor course conditions, where through the green the ball may be picked up, cleaned off and replace . . . View Full Definition

Legal Opinion: A statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable.

Fairness Opinion: A set of requirements for a plan of reorganization to be approved by the bankruptcy court.

Flat Price (Also Clean Price): Method used to determine a participant's benefits in a defined benefit plan by multiplying months of service by a flat monthly benefit.

Jury Of Executive Opinion: A method of forecasting using a composite forecast prepared by a number of individual experts. The experts form their own opinions initially from the data given, and revise their opinions ac . . . View Full Definition

Opinion Shopping: Attempts by a corporation to attain reporting objectives by following questionable accounting principles, with the help of an auditor willing to sanction the practices. Prohibited by the SEC.