The commercial value of the precious metals as distinguished from the face value of coined money. If a gold five-dollar piece has been reduced in weight, by wear, so as to contain but $4.75 worth of fine gold, the latter is its " bullion value."
To swindle or cheat.
Having the quality of rising. When the market is "buoyant," it is rising rapidly, with leaps and bounds; creating much enthusiasm among those benefited thereby.
Chicago, Burlington & Quincy R. R. Co.
Meaning that everything is fair in business and that its conduct shall not be tried by the moral code. It is to be regretted that there should have existed a condition giving occasion for the coining of this phrase.
See " Business Paper."
Buy at the Opening. An order to purchase immediately after the opening of the stock exchange and at the lowest price possible.
A stock exchange term for a contract under the terms of which the buyer of a security need not receive delivery until the end of a specified time. He also has the right to demand delivery any time within the period covered by the contract, by giving one day's notice to the seller. The understanding is briefly expressed as "buyer 4," " buyer 10," the figures indicating the number of days provided for in the agreement. By the New York Stock Exchange rules the time must be not less than four nor more than sixty days.
Buyer Three (or any number). See " Buyer's Option."
Same thing as " Short Covering."
See " Averaging Down."
Buying on a Scale. Buying at regular intervals as the market changes. Example: A certain stock at 100, at 98, at 96, and so on at every decline of 2%, purchasing a stated amount each time.
An order given to a broker to buy a certain security, either with or without limit as to price as the case may be. An order to buy is good for the date for which it is given only unless otherwise specified. Sometimes an order is given "good until countermanded," or "good until cancelled," by which the broker understands there is no definite limit as to time; but brokers usually remind their customers at frequent intervals regarding the orders to be sure that they wish them to still remain in force.