buy the book(redirected from Bought the Book)
Buy the book
An order typically from a large institutional investor to a broker to purchase all the shares available at the market from the specialist and other brokers and dealers at the current offer price. The book refers to the record a specialist kept before the advent of computers.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Buy the Book
An order to a broker to buy all shares of a security available at the current offer price, whether from one specialist or from everyone willing to sell. Large institutional investors usually make this order. The term comes from record books specialists kept before they began to use computers.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
buy the book
An order to purchase all of a security offered at the current ask price. The purchase is made from the specialist, dealers, and other holders willing to sell at the specified price.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.