REQUISITION is a written request to buy something. Usually, once approved, the requisition is then transformed into a purchase order.
BID TICK RULE is a NASD rule prohibiting a short sale transaction when the current best bid in a security is less than the previous best bid. That is, when it is on a "down-tick." The bid tick rule does not apply to the OTCBB.
TRADE DRAFT is a draft addressed to a commercial enterprise.
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