Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A stock a person may sell, short sell, use as collateral on a loan, or otherwise use without restriction. Free stock either was not bought with borrowed funds or has been paid in full.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Securities that are held by brokerage firms or in a margin account and can be loaned or used for hypothecation.
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.