BEST ASK Definition

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BEST ASK is the lowest quoted offer of all competing Market Makers to sell a particular stock at any given time.

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GULL is Georgetown University Legal Library; important resource for sales tax information.

FINANCING MARGIN RATIO (FMR) is the margin to be maintained between the debit balance and the actual security value as stipulated in the Facility Letter or any other margin as stipulated by a lending bank from time to time as the FMR.

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