Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Acting Against Recommendations
When a broker’s investment recommendations for a client are contrary to what the broker would do for his own account, then that broker has an obligation to tell the client that this is contrary, or against, what he would do in his own account. The point being that, even if it is contrary to the broker’s own personal recommendation, the recommendation issued must take into account only the client’s investment profile.