Definition of Ticket

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TeachMeFinance.com - explain Ticket




historic definition...

Ticket -- In transactions on an exchange brokers use deliver and receive tickets. A deliver ticket and a receive ticket are sent by the seller to the buyer. The buyer keeps the receive ticket and stamping or writing an acknowledgment on the deliver ticket returns it. The operation is called comparison and it is confirmatory of the transaction between the two brokers. In trade the term ticket means brand, that is, a brand of goods or a particular product. For the meaning of the term ticket on the London Stock Exchange see Name day.



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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".


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