penalty bid
A fee charged by some brokerage firms when a Client sells initial public offering (IPO) shares immediately after purchasing them. The penalty bid is the obligation of the client's broker and is intended to discourage them from making shares available to investors whose only interest is to make a quick profit on the IPO.
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reversing entry
fully disclosed account
circularisation of debtors
London International Financial Futures and Options Exchange (LIFFE)
uniform accounting policies