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TeachMeFinance.com - explain Give on historic definition... Give on -- London Stock Exchange term ; a broker or dealer who has bought a stock and does not wish to take it up says he will give on it when he is willing to pay a contango (carryingover charge) for the privilege of continuing his bargain (contract) to the succeeding fortnightly settlement; a broker or dealer who has sold a stock and does not wish to deliver it says he will take it in when he is willing to borrow the stock and either receive a contango or, if the stock is much oversold, pay a backwardation for the privilege of postponing delivery to the succeeding fortnightly settlement. 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.