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Used in the context of general equities. Priced higher than the bid price but lower than the offer price. See: In the middle
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
In equities, describing a price higher than the bid price but lower than the offer price. More generally, the term may describe a moderately priced good or service.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved