National Association of securities Dealers Automated Quotations. US electronic securities market that quotes prices through a computer network, and allows brokers to conduct trades online or via telephone. Since there is no physical 'exchange' involved, it is referred to as an over the counter market. NASDAQ compositeindex covers all stocks traded on this market, and its quotes are published ... Read more
USAGE EXAMPLE
Larry knew a lot about the actual stock market -- but less about the electronic securities market, that virtual exchange otherwise known as NASDAQ.
FRIDAY QUIZ CHALLENGE
QUESTION
Elementary assumption, concept, doctrine, maxim, or proposition generally held to be fundamental or true for a body of knowledge, conduct, procedure, or system of reasoning, and used as a basis for prediction and action.