Market & Finance Definitions

Commodity Exchange

Commodity Exchange

Commodity exchange is a centralized market for buyers and sellers of contracts related to a wide range of items. These items include agricultural goods, stocks, bonds, and foreign currencies. In the United States, the largest commodity exchanges include the Chicago-based CME Group and Atlanta-based IntercontinentalExchange (ICE). ICE acquired the New York Board of Trade in 2007. The CME Group was…

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Cornering the Market

Cornering the Market

Cornering the market was a technique used to accumulate all or most of the available supply of a stock or commodity. The buyer did this to raise the price of the stock or commodity at will. Cornering affected speculators who sold short, or sold stock they did not yet own but planned to buy at lower prices. The market corner…

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Common Market

Common Market

Common market is an economic union of nations. Members of a common market work to eliminate tariffs and other trade barriers among themselves and to follow a uniform trade policy with nonmember countries. The members also work to achieve free movement of workers and financial capital from one member nation to another. Nations form common markets to stimulate industrial growth…

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Black Market

Black Market

Black market is the sale or distribution of goods or currency in violation of ceiling prices, quotas, rationing, and priorities established by a government. Anyone who buys or sells rationed goods or controlled currency through illegal channels or above the established ceiling prices becomes a dealer in the black market. Black marketeers deal in secret. They are most successful in…

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Smithfield Market

Smithfield Market

Smithfield Market is a historic market in central London. It is London’s main distributing center for meat, but other products are also sold there. The market covers an area of about 10 acres (4 hectares). It lies in the City, the oldest part of London. Goods have been traded at Smithfield Market since the 1100’s. For many years, public executions…

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Money Market Fund

Money Market Fund

Money market fund is a type of mutual fund that invests only in short-term securities. The term money market refers to the buying and selling of such securities in the marketplace. Money market funds are also known as liquid asset funds, cash funds, or money funds. Many institutions need to borrow money for short periods—a year or less. Such institutions…

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Market Research

Market Research

Market research is the process of gathering and analyzing information to help business firms and other organizations make marketing decisions. Business executives use market research to help them identify markets (potential customers) for their products and decide what marketing methods to use. Government officials use such research to develop regulations regarding advertising, other sales practices, and product safety. Market research…

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