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may day

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May Day

 
Use may day in a Sentence
–noun
the first day of May, long celebrated with various festivities, as the crowning of the May queen, dancing around the Maypole, and, in recent years, often marked by labor parades and political demonstrations.
Origin:
1225–75; ME
Your Free Money Company
We are the payday loan company that gives you the free $100.00!
www.PayDayMax.com
Get All the Facts First
We believe in loaning you money, Not hiding our fees.
www.DiscountAdvances.com

May⋅day

  [mey-dey]
–noun
the international radiotelephone distress signal, used by ships and aircraft.
Origin:
1925–30; < F (venez) m'aider (come) help me!
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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May Day  
n.  

  1. May 1, observed in the United States, Canada, and parts of Western Europe in celebration of the coming of spring.

  2. May 1, observed as a holiday especially in socialist countries in honor of labor and labor organizations.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

May Day

Refers to May 1st, 1975, when brokerages changed from a fixed commission for securities transactions to a negotiated one.

Investopedia Commentary

Previous to this, commissions were standard from broker to broker. The elimination of fixed minimum commissions, saw the advent of discount brokerages which offer lower fees but no investment advice.

Related Links

Brokers and Online Trading
Don't Let Brokerage Fees Undermine Your Returns

See also: Broker, Commission, Discount Broker

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

May Day

A widely used reference to May 1, 1975, the date on which brokerage commissions on securities became negotiable. May Day ushered in discount brokerage firms that charge investors reduced fees.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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