sell the book

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Sell the book

Used for listed equity securities. Order to a broker by the holder of a large quantity of shares of a security to sell all that can be absorbed at the current bid price. The term derives from the specialist's book - the record of all the buy and sell orders members have placed in the stock one handles. In this scenario, the buyers potentially include those in the specialist's book, the specialist for its own account, and broker-dealers.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Sell the Book

An order to a broker to sell as much of a position as possible at the current, market price. That is, one sells the book when one wishes to close the position on the stated security. The term refers to the specialist's book on an exchange.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

sell the book

A customer order to a broker to sell as much of a security as possible at the current bid. Purchases also may be made by a specialist or other interested broker-dealers. The phrase derives from the book of existing orders that a specialist keeps.
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.
References in periodicals archive ?
Meanwhile, the cheat who sold the book tells the local dole office it is lost or stolen and asks for a replacement.
Audra Barrett of Barrett Books sold the book club rights of Tony Lindsay's One Dead Preacher to Black Expressions Book Club.
"Those words were also the headline of a mail-order ad, which sold the book. The ad ran successfully for many years and sold hundreds of thousands of copies."
The suspects then allegedly sold the books in the open market.
Cho sold the books on the eBay-affiliated site half.com.