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Kesler,while in a drunken state,purchased a large sailboat from Mullen.
-Kesler may avoid the contract with Mullen,if,on his return to a sober state,he promptly repudiates the contract,and can prove that Mullen was aware that he,Kesler,was intoxicated at the time the contract was made.
Primary Market
The financial market for new securities issues, where companies sell new stocks and bonds directly to investors.
Investment Bankers
Firms specializing in the sale of new securities to the public, typically by underwriting the issue.
Initial Margin
The initial deposit required when trading securities or derivatives, serving as a guarantee against potential losses.
Market Order
A type of order to buy or sell a security immediately at the best available current price.
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