BLOCK TRADE Definition

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BLOCK TRADE is a purchase or sale of a large quantity of stock of 10,000 shares or more. For purposes of NASD Rule 6541 regarding Limit Order Protection, a block trade is defined as one for 10,000 shares or more and greater than $20,000 in value.

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INCORPORATION is a legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation.

CASH-CARD is a credit card that entitles the holder to receive cash.

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