bid/offer spread definition
bid/offer spread means units are bought and sold at different prices� The difference between the prices (the spread) represents the fund manager charge�
bid/offer spread means the difference between the bid price and the offer price quoted for an immediate sale (bid) and an immediate purchase (offer). The size of the bid-offer spread in a security is a measure of the liquidity of the market and of the size of the transaction cost. If the spread is 0 then it is a frictionless asset;
bid/offer spread means, in respect of the Bond Components comprising a CVBX Index Series on any date of determination, (i) during the period from and including the Scheduled Business Day prior to the Bond Component Publication Date to and including the first Forward Price Fixing Date of such CVBX Index Series, a variable amount.
More Definitions of bid/offer spread
bid/offer spread means the amount by which the ask, or purchase, price exceeds the bid, or sell, price
bid/offer spread means the average of the closing bid price and the closing offer price per share quoted on any Recognised Stock Exchange on which any Consideration Shares are listed on any particular trading day;
bid/offer spread means the spread between the bid and the offer price; 「買賣差價」指買價與賣價之間的差價； “Business Day” any day on which the Exchange is open for trading, other than a Saturday, Sunday, public holiday and any other day declared by the Exchange to be a non-Business Day; 「營業日」指交易所開市進行買賣的任何日子，但星期六、星期日、公眾假期和交易所宣佈為非營業日的任何其他日子除外； “Client”, in the case of an individual, includes the Client and his/her/their respective executor and administrator; in the case of a sole propeller, includes such sole proprietor and its executor and administrator and the successor of its business; in the case of a partnership, includes the partners of the firm during the continuation of Account(s) and their respective executor and administrator, and any other person who at any time thereafter is or was a partner of the firm and their respective executor and administrator, and successor of the partnership; in the case of a company, includes the company and its successors and, where the context so permits, also the Authorised Person(s); 「客戶」如屬個人，則包括客戶及其／彼等各自的遺囑執行人及遺產管理人；如屬獨資經營商號，則包括該獨資經營者及其遺囑執行人及遺產管理人，及其或彼等的業務繼承人；如屬合夥商號，則包括在帳戶持續期間擔任商號合夥人的合夥人，及彼等各自的遺囑執行人及遺產管理人，及此後任何時間是或曾經是該商號合夥人的任何其他人士，及其或彼等各自的遺囑執行人及遺產管理人，以及該合夥業務的繼承人；如屬公司，則包括該公司及其繼承人，如文意許可，亦包括獲授權人；