1. Used in the net change column of security transaction tables to indicate a closing price that is lower than the previous closing price on the day that the security was last traded.
2. Used in reporting closed-end investment company share prices to indicate the percentage amount by which net asset value exceeds market price. Compare plus (+).
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.