BUY MINUS

An ORDER to purchase a block of securities at a price that is lower than the current market price.

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BUTTED AND BOUNDED

A phrase sometimes used in conveyancing, to introduce the boundaries of lands. See BUTTS AND BOUNDS.

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BUY SIDE

A term used in investment banking to refer to advising institutions concerned with buying, rather than selling, assets or securities.

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BUTTERFLY SPREAD

A three-legged option spread in which each leg has the same expiration date but different strike prices. For example, a butterfly spread in soybean call options might consist of one long call at a $5.50 strike price, two short calls at a $6.00 strike price, and one long call at a $6.50 strike price.

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BUY STOP ORDER

A buy order not to be executed until the market price rises to the stop price. Once the security has broken through that price, the order is then treated as a market order. Also known as a suspended market order.

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BUTTON AD

A graphical advertisment, smaller than a banner ad, typically measuring 120 x 90 pixels.

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BUTTONWOOD AGREEMENT

The Buttonwood Agreement, which took place on May 17, 1792, started the New York Stock & Exchange Board (now called the New York Stock Exchange, NYSE). This agreement was signed by twenty-four stock brokers outside of 68 Wall Street New York.

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BUSINESS WIRE

A company that disseminates full-text news releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases and other audiences.

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BUSSA

A term used in the old English law, to designate a large and clumsily constructed ship.

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