Business / Taxes / Clearing Firm: Clearing firms handle the back-office details of securities transactions between broker-dealers, making the settlement process streamlined and efficient. In brief, when a broker’s order to buy or sell a security has been filled, the clearing firm electronically compares and verifies the details of that trade. Then it nets down the trades to minimize the number of securities that must be received or delivered at settlement. Cleared trades are settled within a specific time after the trade date, based on the type of security being traded.
Firm Adjective Synonyms: steady, strong, sturdy, tight, unwavering, unshakable or unshakeable, unswerving
Firm Verb Synonyms: compact, solid, dense, compressed, condensed, concentrated, rigid, stiff, hard, unyielding, inflexible, inelastic
Business / Agriculture / Four-Firm Ratio: It is common to express the degree of concentration within an industry, including agriculture (that is, the degree to which a few firms dominate sales or production) as a ratio, by stating the share ( MORE
Technology / Computers / Firmware: Software (programs or data) that has been written onto read-only memory (ROM). Firmware is a combination of software and hardware. ROMs, PROMs and EPROMs that have data or programs recorded on them ar MORE