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Finance Dictionary and Glossary of Investment Terms
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Definition 1.
The NASD's system for secondary trading of unregistered securities in transactions exempt from the registration and prospectus delivery requirements of the Securities Act of 1933 as specified in SEC Rule 144A.
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Definition 2.
The NASD's trading system for secondary trading of unregistered securities in transactions exempt from the registration and a prospectus delivery requirement of the Securities Act of 1933 pursuant to SEC Rule 144A.
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