loaned flat

Loaned flat

Securities lent interest-free between brokers to cover customers' short sale positions.

loaned flat

The practice of lending securities from one broker to another to cover a customer's short sale when no interest is charged by the lending broker.

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.

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