Examlex
A detailed aging report of open item accounts lists individual invoices by customer, whereas a summary aging report requires only one line for each customer with all invoices for a single customer combined.
Third Market
Trading venue for exchange-listed stocks that occurs off the official exchange, often involving large institutional investors through over-the-counter (OTC) transactions.
Fourth Market
Trading of securities directly between investors, bypassing traditional brokerage and exchange platforms.
OTC Markets
Over-the-counter markets refer to decentralized markets where trading occurs directly between two parties without the supervision of an exchange.
Institution-To-Institution Trading
The buying and selling of securities between institutional investors, like pension funds and mutual funds, rather than individual investors.
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