|
|
At best |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
At bestAn 'at best' order is an order given by a client to a broker where no particular instruction is given on the price. So, an instruction to 'buy 500 shares in AstraZeneca 'at best' means that the broker will complete the purchase at the best price available on the 'order book' at the time, and the client cannot be sure what that price is going to be.In contrast when a client places a 'limit' order he actually dictates the price at which he is willing to buy or sell, and the broker can only make a deal within the limit given.Similar MatchesBest efforts saleBest efforts saleA method of securities distribution/underwriting in which the securities firm agrees to sell as much of the offering as possible and return any unsold underwriting to the underwriting. As opposed to a guaranteed or fixed-price sale, in which the underwriter agrees to sell a specific number of shares (and holds any unsold shares in its own account if necessary). Second-best argument for protectionSecond-best argument for protection1. Any argument for protection that can be countered by pointing to a different and less distortionary policy that would achieve the same desired result at lower economic cost. 2. An argument for protection to partially correct an existing distortion in the economy when the first-best policy for that purpose is not available. For example, if domestic production generates a positive externality and a production subsidy to internalize it is not available, then a tariff may be second-best optimal. First bestFirst bestSee second best. Best executionBest executionThe Stock Exchange rule that requires brokers to carry out a deal on behalf of a client at the best price available in the market.This begs the question, of course, of how long brokers should wait before executing the deal. If they think the market is falling, should they hang on a bit? Brokers have some discretion but generally speaking they execute deals immediately (as much for their own protection as anything else). 'Timely execution' means carrying out the deal within 20 minutes of receiving the client's instruction. Best's RatingsBest's RatingsRatings of financial reliability given by Best's Rating Service to insurance companies with a top rating of A+. This information is of importance to both buyers of insurance and investors in insurance stocks. Further SuggestionsBest interests of creditors testbest advice Theory of second best Second best |
|
|
|