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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.
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