Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
An order that the client asks to be executed but that was not specifically solicited or recommended by the firm. The important thing to know about this is that all unsolicited orders are exempt transactions, regardless of the security involved.
You've inherited 10 grand from Crazy Uncle Larry. It's been sitting in your brokerage account for 3 months. You're in bed watching Cramer screaming about something or other on CNBC and decide you like the cut of his scream. You want to buy shares in Booyah.com. So, out of the blue, you call your broker and just place the order. It was "unsolicited." Had it been "solicited," the broker would have called YOU and whispered in serious tones, the word, "...plastics."