Seller

the year. A contract which gives the seller the right to make a delivery of the property at any time within the year. No contract on seller’s (or buyer’s) option for le than 4 days or which extends beyond 60 days can be entered into on ’ the New York Stock Exchange. Selling a bear. London Stock Exchange term, meaning selling short in expectation of a decline in price; in other words, selling stock not owned in expectation of buying it back at a: lower price. The term means the same as the New York Stock Exchange term selling short. Selling dividends. See Buying and selling dividends. Selling investment securities. See Investment securities. Selling out. When a broker arbitrarily closes the account: (in stocks or commodities) of a customer for failure to provide: margin or for some similar reason the operation is described as selling out the customer. On the London Stock Exchange when a seller of stock or shares does not receive from his buyer the name of the party to whom the stock is to be transferred (see Name) by an appointed time he is entitled to sell the stock out; that is, to instruct the official broker to make a fresh sale for cash. The difference ‘between the price at which the fresh sale is made and that of the original bargain, together with the official broker’s commiso ‘ sion, is charged to the person responsible for the delay in pa ing the name.. Selling rate. In dealings in exchange the selling rate is the rate at which exchange is sold by a dealer in it. 472