loaned flat

Loaned flat

Securities lent interest-free between brokers to cover customers' short sale positions.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
References in periodicals archive ?
With the clothes he designed at college waiting in suitcases under the bed of a loaned flat in London, the 25-year-old is hopeful someone from Wales will help.