We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.
© 2016 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Not Held


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.