An indication that an order for securities (usually new issue securities) is from an investor, rather than from a dealer seeking to purchase the securities for trading inventory
Bonds bought by dealers for immediate sale to investors, as opposed to being held in inventory for resale at future date The importance of the difference is that bonds bought going away will not cause adverse pressure on prices
The type of bond purchased by dealers for immediate resale to investors, as opposed to purchasing the bond, holding for some amount of time, and then reselling it a future date
The type of bond purchased by dealers for immediate resale to investors, as opposed to purchasing bond, to hold for some amount of time, and then reselling it at a future date