Business / Construction / CO: An abbreviation for 'Certificate of Occupancy'. This certificate is issued by the local municipality and is required before anyone can occupy and live within the home. It is issued only after the local municipality has made all inspections and all monies and fees have been paid.
Business / Finance / Active Account: Refers to a brokerage account in which many transactions occur. Brokerage firms may levy a fee if an account generates an inadequate level of activity. MORE
Business / Finance / Volume Discount: A note appearing on the consolidated tape when the tape is running behind under heavy trading, meaning that only the stock symbol and price will be shown for trades under 5000 shares. MORE
Business / Finance / Ordinary Income: The income derived from the regular operating activities of a firm or individual. MORE
Business / Finance / Cannot Compete: To void an order to buy or sell from (1) the floor, or (2) the trader/salesperson's scope. In Autex, the indication still remains on record as having once been placed unless it is expunged. MORE
Business / Finance / Carrying Costs: The fee a broker charges for carrying securities on credit, such as on a margin account. MORE