from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A trade of a security that is opened and closed on the same day.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun business, finance A
transactionin which units of stockor other investmentinstruments are purchased and then sold within a single market day.
- verb business, finance To engage, as a
deliberateinvestment strategy, in the very short-termtrading of stocks or other securities, by selling any given security within the same market day during which it was purchased.
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