| 单词 | price-maker |
| 释义 | price-maker A firm which sets the price of a good or security, by offering to buy and sell at announced prices. To act effectively as a market-maker it is necessary to hold a stock of the good, so as to be able to provide it when buying orders exceed selling, and a stock of money in order to be able to buy the good when selling orders exceed buying. The market-maker's selling, or offer, price will exceed its buying, or bid, price, to provide a margin to cover expenses and profits on capital employed. A price-maker is contrasted with a price-taker, which is a competitive firm or individual who has to treat the market price as given. |
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