No book(redirected from No Book Stock)
Used for listed equity securities. Not much, if any, stock is being bid for or offered at the present time by customers or the specialist.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Describing a situation in which a security has such a low trading volume that few or no shares are being bid on or offered at a given time. This results from a general lack of interest in that security. The term comes from a reference to a market maker's or specialist's book in which he/she must list all securities being bid on or offered.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved