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normal investment practice

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Financial Dictionary

normal investment practice

The history of security purchases recorded in a customer account for purposes of allocating hot issues. The National Association of Securities Dealers prohibits underwriters from overallocating hot issues to customers based on the customers' normal investment practice.

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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