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TeachMeFinance.com - explain Even historic definition... Even -- When a broker has bought and sold the same amount of the same stock he is even and has not to receive or deliver that particular stock if it is on the list of stocks cleared at the New York Stock Exchange clearing house. If his transactions are not in stocks on the clearing house list, then he has to receive and deliver the stocks. If, however, he has bought from and sold to the same broker the same stock he can pair off neither receive nor deliver, but simply settle differences. On the London Stock Exchange the continuation rate on a security is even when no charge backwardation or contango is made for continuing bargains until the next settlement. See At even. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.