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Rule 5
(redirected from Rule 5 draft)

   Also found in: Wikipedia 0.01 sec.
Rule 5
An American Stock Exchange rule that prohibits members of the exchange from trading listed stocks off the exchange floor. Compare Rule 390. See also Rule 19c-3.


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Secret life: A standout baseball player, he earned a full scholarship to Pepperdine University and was drafted by the Cleveland Indians and later by the Montreal Expos (now the Washington Nationals) in what is known as the Rule 5 draft.
COLUMN: BASEBALL NOTES Tim Lahey, the right-handed reliever and Worcester native acquired by the Chicago Cubs from the Minnesota Twins in the Rule 5 Draft in the offseason, was expected to be placed on waivers yesterday.
The players who do not make their way to the 40-man roster can become eligible for what is known as the Rule 5 Draft.
 
 
 
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