BUSINESS Definition

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BUSINESS is a commercial or industrial enterprise and the people who constitute it that undertake the activity of providing goods and services involving financial, commercial and industrial aspects.

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CHURNING, in securities, is the frequent trading of an account in order to generate commissions.

GOOD DELIVERY, in securities, is the opposite of a fail. The instru­ment and the dollar amounts agree and a transaction is completed as initially executed. "Good delivery form" is when the instrument is properly documented in all respects and therefore acceptable for delivery to complete a transaction.

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