Plus
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Plus
Used to quote a price in 64ths. Dealers in government bonds normally give price quotes in 32nds. To quote a bid or offer in 64ths, they use pluses; a dealer who bids 4+ is bidding the handle plus 4/32 + 1/64, which equals the handle plus 9/64.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Plus
1. In mutual funds, the amount by which the market price exceeds the net asset value.
2. Describing an increase in a security's price, especially a marginal one. For example, one may hear, "Stock A had a small plus tick earlier today." See also: Uptick.
2. Describing an increase in a security's price, especially a marginal one. For example, one may hear, "Stock A had a small plus tick earlier today." See also: Uptick.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved