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Finance Glossary

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Not Held

Definition:

Brokers who make "not held" trades can choose when to submit a trade. If the broker thinks he or she can hold out and get a better price for their client, they can go ahead and wait. The only right the broker has in this case is how long they can sit on the trade; they still have to do what the client says when it comes to how much to trade or whether to buy or sell.