Market Conversion Price: Also called conversion parity price, the price that an investor effectively pays for common stock by purchasing a convertible security and then exercising the conversion option. This price is equal to the market price of the convertible security divided by the conversion ratio.

 

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Market Conversion Price: Also called conversion parity price, the price that an investor effectively pays for common stock by purchasing a convertible security and then exercising the conversion option. This price i . . . View Full Definition

Conversion Parity-Value: Related: Market conversion price

Non-Group Market: A market segment that consists of customers who are covered under an individual contract for health coverage or enrolled in a government program.

Nominal Price: Price quotations on futures for a period in which no actual trading took place.

Nominal Exercise Price: The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price.

Negotiated Markets: Markets in which each transaction is separately negotiated between buyer and seller (i.e., an investor and a dealer).

New-Issues Market: 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.

Nonmarketed Claims: Claims that cannot be easily bought and sold in the financial markets, such as those of the government and litigants in lawsuits.

Open Market: In an open market, any investor with the money to pay for securities is able to buy those securities. US markets, for example, are open to all buyers. In contrast, a closed market may restri . . . View Full Definition

Open-Market Operation: Purchase or sale of government securities by the monetary authorities to increase or decrease the domestic money supply.