Firm deal, business to be settled on a fixed date; short selling

In relation to the financial market, any contract under which performance is to be rendered at a specific time or within a specific period (time of performance); see Section 361 of the German Civil Code (BGB), Section 376 of the German Commercial Code (HGB). – Transaction of a market participant (bearer) determined by the expectation of falling prices. – See bear market, fixer, forward speculator.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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