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Jitney

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
Jitney
1. An illegal act in which two or more investors buy and sell the same security at pre-arranged, agreed-upon prices. This directly results in neither profit nor loss for the investor, but creates the impression that the security is undergoing heavy trading, which could drive up the price or generate unwarranted interest.

2. A situation in which a broker who is a floor member conducts a transaction on behalf of a broker who is not.


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The rules newly published in the official gazette also will allow private jitneys in rural areas, though they will be under greater restrictions than city taxis.
A jitney bus used in the Philippines for public transportation.
the man in charge she was employed to drive the jitney, followed soon by several of her best girlfriends.
 
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