PAYOUT RATIO Definition

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PAYOUT RATIO is dividends paid divided by company earnings over some period of time, expressed as a percentage.

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DAY TRADE is the purchase and sale or the short sale and cover of the same security in a margin account on the same day.

SETTLEMENT, in securities, is the conclusion of a securities transaction; a broker/dealer buying securities pays for them; a selling broker delivers the securities to the buyer's broker.

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