[giv-uhp] 
| 1. | something conceded or relinquished; concession: Labor has balked at any more give-ups in the contract talks. |
| 2. | Stock Exchange.
|
give-up
A prohibited practice in which a large investor would direct that a portion of the commission charged in a security trade be handed over to another broker. Give-ups were popular when commission rates were fixed and when large trades produced artificially high commissions that were transferrable to firms that provided the investor with valuable services such as research information.
The reduction in yield when a bond position is swapped for bonds with a lower coupon.