What is the definition of Principal basis? | Dictionary.net

PRINCIPAL BASIS

\pɹˈɪnsɪpə͡l bˈe͡ɪsɪs], \pɹˈɪnsɪpə‍l bˈe‍ɪsɪs], \p_ɹ_ˈɪ_n_s_ɪ_p_əl b_ˈeɪ_s_ɪ_s]\

Definitions of PRINCIPAL BASIS

1910 - Black's Law Dictionary (2nd edition)

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Security selling through either one or more dealers who stock up in bulk for their personal portfolios. The bought securities are then sold at a marked up or marked down price.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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