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Error account

• Is the destination for the temporary placement of a trade which was involved in an error transaction. Firms will either take immediate market action to correct the error, or sometimes will keep the position there as they work it out. See Work Out.

 
 Embedded terms in definition
 Error
Market
Out
Placement
Position
Take
Trade
Will
Work out
 
 Related Terms
 

<< Error Escape clauses >>

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