Definition of Comparison

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TeachMeFinance.com - explain Comparison




historic definition...

Comparison -- At the close of business on the New York Stock Exchange messengers employed by brokers compare the day's transactions. If A sells 100 shares of stock to B A's messenger delivers at the office of B a memorandum of the transaction, which is called a deliver ticket, and obtains acknowledgment on another corresponding memorandum, which is called a receive ticket. It is the duty of the seller to compare or to endeavor to compare each transaction at the office of the buyer not later than one hour after the closing of the exchange. It is the duty of the buyer to investigate before 10 a. m. of the day after the purchase any transaction which has not been compared by the seller.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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