INSURANCE CLAIM Definition

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INSURANCE CLAIM is a written notification to an insurance company requesting payment of an amount due under the terms of the policy.

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LCL see LESS THAN CONTAINER LOAD.

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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