MINIMUM QUOTE SIZE REQUIREMENT Definition

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MINIMUM QUOTE SIZE REQUIREMENT, NASD Rule 6650, is the minimum size at which a market maker is permitted to display bid or offers in the BBX. The minimum size required depends on the price of the stock. For example, all quotes on the OTCBB priced under $0.50 have a minimum quote size of 5,000 shares.

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REFINANCE is to to renew or reorganize the financing of an asset, e.g. obtaining a new mortgage loan on a property already owned. Often to replace existing loans on the property.

CASH DIVIDEND is the payment of earnings to shareholders.

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