ASRB Definition

ASRB is Accounting Standards Review Board.

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N as the fifth letter in a Nasdaq stock symbol indicates that the issue is the third class of preferred shares in the company.

OVERSOLD is the state of the market when much more selling occurs than is warranted by market conditions. If investors and speculators sell large amounts of securi­ties, including short sales, over a period of time, at some point the market will become oversold and buying is likely to increase. Depending upon the degree of buying, prices will either stop falling or will rise. A rise in prices under these conditions is known as a technical rally.

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