BOOKS OF ACCOUNT Definition

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BOOKS OF ACCOUNT are the financial records of a business. Usually refers to the lowest level of recorded data, before summaries are made.

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BEST EXECUTION is NASD Rule 2320 The obligation of Market Makers, broker/dealers, and others to execute customer orders at the best price available at the time the trade is entered.

MARGINAL PROFIT is the change in the total profit that results from the sale of an additional unit.

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