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British term for tight money.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A market or security with high trading volume and a small bid-ask spread. However, an investor can profit in a dear money market, especially if he/she trades large numbers of securities. When the bid-ask spread is narrow, an investor may have difficulty making more than a small return for each trade, but sheer numbers can make returns add to a substantial amount. The term is mainly used in the United Kingdom and corresponds to the American term tight market.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
dear moneysee TIGHT MONEY.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005