from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A trade of a security that is opened and closed on the same day.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A transaction in which units of stock or other investment instruments are purchased and then sold within a single market day.
- v. To engage, as a deliberate investment strategy, in the very short-term trading of stocks or other securities, by selling any given security within the same market day during which it was purchased.
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