P&S

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P&S

Purchase and sale statement. A statement provided by the broker showing change in the customer's net ledger balance after the offset of any previously established positions.

P&S

1. Purchase and sales. A statement that a brokerage gives to a client showing changes made to the client's portfolio. That is, the P&S sets forth the securities the client has bought and sold over a given period of time and the effect that has on the client's net positions.

2. The department in a brokerage that monitors transactions and prepares P&S statements.

P&S

References in classic literature ?
Theodore Roosevelt, President of the United States a few years prior to this time, made the following public declaration: "A more liberal and extensive reciprocity in the purchase and sale of commodities is necessary, so that the overproduction of the United States can be satisfactorily disposed of to foreign countries.
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