National Best Offer definition

National Best Offer have the same meaning provided in SEC Rule 600(b)(42).
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Examples of National Best Offer in a sentence

  • However, when the Market Center posts that order, they will display it with a limit price equal to the National Best Bid for a Buy or Buy to Cover order or the National Best Offer for a Sell order.

  • To the extent that fractional order for a national exchange-listed security (“NMS Securities”) allocated out of our inventory Account rather than by purchasing or selling shares in the market (“Inventory Fulfillment”), we will price that portion of the fractional order at a price based on the National Best Bid and the National Best Offer (“NBBO”) at the time of execution.

Related to National Best Offer

  • Last best offer package means the offer exchanged by parties not less than 14 days prior

  • Bona Fide Offer means an actual or genuine offer which includes a specific wage or a training opportunity at a specified place when used to determine whether the parent has refused an offer of training or employment.

  • Institutional Investor means (a) any Purchaser of a Note, (b) any holder of a Note holding (together with one or more of its affiliates) more than 5% of the aggregate principal amount of the Notes then outstanding, (c) any bank, trust company, savings and loan association or other financial institution, any pension plan, any investment company, any insurance company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form, and (d) any Related Fund of any holder of any Note.

  • Professional Investor means an investor who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs. Professional investors include, among others, entities which are required to be authorised or regulated to operate in the financial markets, large undertakings, and other institutional investors whose main activity is to invest in financial instruments;