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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Buy the book  

Definition 1.

An order, typically from a large institutional investor to a broker to purchase all the shares available at the market from the specialist and other brokers and dealers at the current offer price. The book refers to the record a specialist kept before the advent of computers.
 

Definition 2.

An order to a broker to purchase all shares available from a specialist at the current offer price. Usually done by professional traders and institutions.
 
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