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Finance Glossary

Just call us Bond. Amortized bond.

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Nine Bond Rule

Definition:

Very esoteric. We love showing how much trivial information we know. The nine bond rule is a NYSE rule that says that all orders involving 9 or fewer bonds must be kept on the floor of the exchange for one hour. If the order is not filled within that time, the customer can ask the broker to try to fill the order away from the exchange, or Over The Counter.

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