SOUND Definition

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SOUND, when used in a financial context, means financially secure and safe.

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STREET NAME, in securities, is securities held in the name of brokers, banks or their nominees, instead of in the customer's name.

BIG BANG are changes in UK stock exchange practices that took place in 1986. They permitted institutions such as banks and insurance companies to own stock exchange subsidiaries, abolished the segregation between brokers and jobbers and ended the system of fixed commissions.

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