Related Words

Auction: Selling property to the highest bidder.

Dutch Auction Preferred Stock: Auction in which the lowest price necessary to sell the entire offering becomes the price at which all securities offered are sold. This technique has been used in Treasury auctions. Often u . . . View Full Definition

Auction Market: Auction market trading, sometimes known as open outcry, is the way the major exchanges, such as the New York Stock Exchange (NYSE) and the Chicago Mercantile Exchange (CME), have traditional . . . View Full Definition

Dutch Auction: A Dutch auction opens at the highest price and drops gradually until there's a buyer willing to pay the amount being asked. The transaction is completed at that price. The only securities au . . . View Full Definition

Auction Rate Preferred Stock (ARPS): Floating-rate preferred stock, whose dividend is adjusted every seven weeks through a Dutch auction.

Auction Market Preferred Stock (AMPS): A type of Dutch Auction Preferred Stock (A Merrill Lynch product).

Double Auction System: Systems by which listed securities are bought and sold through brokers on the securities exchanges, as distinguished from the OTC market, where trades are negotiated. Unlike the conventional . . . View Full Definition

Cumulative Auction Market Preferred Stocks (CAMPS): Sum of the differences between the expected return on a stock (systematic risk multiplied by the realized market return) and the actual return often used to evaluate the impact of news ona s . . . View Full Definition

Double Auction Market: Don't know the trade. A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party.

Auction Draft: Owners take turns nominating players who are bid on by other owners. Each owner is given a spending limit (or salary cap) to complete its roster. This formula was popular in many early fanta . . . View Full Definition