• (1) The price of the last transaction for a particular security on a particular day. (2) The midprice of a closing trading range.

 Embedded terms in definition
Trading range
 Referenced Terms
 Aging schedule: A table of accounts receivable broken down into age categories (such as 0-30 days, 30-60 days, and 60-90 days), which is used to see whether customer payments are keeping Close to schedule.

 Benchmark: Is the standard to measure, monitor, price or evaluate a security or derivative. The treasury market is the benchmark for the corporate, mortgage backed, international and emerging credit markets. Here, securities are priced in terms of yield pickup relative to a comparable treasury. This comparability is often in terms of maturity though duration or average life become more meaningful for securities which have option characteristics.The performance of a predetermined set of securities, for comparison purposes. Such sets may be based on published indexes or may be customized to suit an investment strategy.A comparative base for measuring the performance or risk tolerance of the investment portfolio. A benchmark should represent a Close correlation to the level of risk and the average duration of the portfolio's investments.

 Buy in: Occurs when a seller or short seller fails to deliver the securities required to satisfy a transaction's terms. The net financial impact of this transaction is charged to the account of the seller.To cover, offset or Close out a short position. Related: evening up, liquidation.

 Buy on close: To buy at the end of the trading session at a price within the closing range.Is an order to make a purchase on the Close. It can be a market or limit order.

 Change: (1) For an option or futures contract, the difference between the current price and the previous day's settlement price. (2) For an index or average, the difference between the current value and the previous day's market Close. (3) For a stock or bond quote, the difference between the current price and the last trade of the previous day.

 Related Terms
 Buy on close
Close out
Closing or to close for real estate
Market on close
Previous day's close
Sell on close

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