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Today's Terms
Over-the-counter
Definition:
Figurative term for the means of trading securities that are not listed on an organized stock exchange such as the New York Stock Exchange. Over-the-counter trading is done by broker-dealers who communicate by telephone and computer networks.
Dividend
Definition:
Money earned on stock holdings; usually, it represents a share of profits paid in proportion to the share of ownership.
Norris-LaGuardia Act
Definition:
Adopted in 1932, this act was one of the first attempts to limit the power of federal courts in labor disputes.
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