Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Agency Cross Transaction
Derived from the Investment Advisers Act of 1940, investment advisers must notify a client in writing and obtain their consent before selling any security from its own account to that client's account, or for purchasing securities from a client. We're sorry to disappoint anyone who thought this had something to do with cross dressing.