|Main Entry:||late trading|
|Part of Speech:||n|
|Definition:||a stock or bond trade placed after 4 pm that receives the 4 pm price and therefore earns abnormal returns; the illegal trading of stock or bond shares after the net asset values are set, giving an advantage over the average investor|
|Example:||Late traders can use the information revealed after 4 pm to guide their trades.|
|Usage:||late trader n|
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