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单词 principal basis
释义

principal basis

Definition
Sale of securities through one or more dealers who (at least initially) buy a block of them for their own portfolios, thus incurring the market risk (systemic risk) as principals. The dealer(s) then may sell the securities their customers at a markup or markdown, as the case may be. See also agency basis.
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更新时间:2025/4/17 6:23:11