Give up

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Give up

Used for listed equity securities. (1) Term used in a securities transaction involving three brokers, as follows: Broker A, a floor broker, executes a buy order for broker B (a member firm broker who has too much business at the time to execute the order). The broker with whom broker A completes the transaction (the sell-side broker) is broker C. Broker A "gives up" the name of broker B, so that the record shows a transaction between broker B and broker C even though the trade is actually executed between broker A and broker C; (2) distribution of commissions to brokerage houses not participating in a trade. This is a grey area of the law governing reimbursement of a broker for services (e.g., research). See: Directed brokerage.

Give Up

For a broker to execute an order on behalf of another broker. Giving up occurs as a professional courtesy when a broker receives an order from a client that he/she is too busy to execute. It is important to note that the broker who receives the order, rather than the broker who conducts the transaction, is the one who earns the applicable commissions and fees. The term originates from the fact that the broker who executes the transaction must "give up" the commission to other broker.
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Successful football clubs such as Liverpool FC, Chelsea FC and Arsenal FC have established similar foundations to Tony Hawk's with the aim of giving back to their communities.
As a subcommittee of E-05 (Marketing and External Communications), the Giving Back Fund committee (now designated E-05/3) will review each year's project proposals and select at least one for funding.
Most importantly, giving back is simply the right thing to do.
Giving back, Stringer said, includes provisions for job creation and the development of affordable housing, as well as a money-back guarantee if the Bank of America "does not retain or create the jobs it agrees to, jobs that provide adequate salaries and benefits for New Yorkers.
We really want to try to expand and we really believe in taking tennis to the people, so our whole theory is about giving back to communities that might not get to see the best tennis players in the world," says Kloss, who was a ball girl before turning pro.