Quick Reference

1 The totality of the purchases and sales that make up a trader's position. The terms long book, short book, and open book are used synonymously with long position, short position, and open position. See making a book.

2 To find purchasers for a new issue.

3 To record an item in the accounts, usually a sale.

4 Short for book value.

Subjects: Financial Institutions and Services.

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