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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Agency Cross Transaction

Definition:

Derived from the Investment Advisers Act of 1940, investment advisers must notify a client in writing and obtain their consent before selling any security from its own account to that client's account, or for purchasing securities from a client. We're sorry to disappoint anyone who thought this had something to do with cross dressing.

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