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Finance Dictionary and Glossary of Investment Terms
Markdown
Definition 1.
The difference between the highest current bid price among broker-dealers in the market and the lower price that a dealer charges a customer.
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Definition 2.
The amount subtracted from the selling price of securities when they are sold to a dealer in the OTC market. Also, the discounted price of municipal bonds after the market has shown little interest in the issue at the original price.
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Definition 3.
The difference between the highest current bid price among dealers and the lower price that a dealer pays to a customer. opposite of markup.
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