Affirmative Obligation


Affirmative Obligation
An obligation of NYSE specialists to enter the market on a particular security (either by posting or bidding and ask) when there is not sufficient market demand and supply to efficiently match orders.

The affirmative obligation requires specialists to create a market for a security when public demand or supply is ineffective and can not create it for itself.


Investment dictionary. . 2012.

Look at other dictionaries:

  • affirmative obligation — A New York Stock Exchange rule that governs the behavior of specialists. Affirmative obligation is the mandate of the specialists to step in and act as either the buyer or the seller when public investor orders exist do not match up naturally.… …   Financial and business terms

  • Affirmative Action — Discrimination positive aux États Unis La discrimination positive aux Etats Unis (« affirmative action ») a été mise en place lors de la lutte pour les droits civiques et l abolition de la ségrégation raciale. Depuis le début des années …   Wikipédia en Français

  • Affirmative action — Discrimination positive aux États Unis La discrimination positive aux Etats Unis (« affirmative action ») a été mise en place lors de la lutte pour les droits civiques et l abolition de la ségrégation raciale. Depuis le début des années …   Wikipédia en Français

  • positive obligation — A New York Stock Exchange rule that governs the behavior of specialists. Positive obligation is the mandate of the specialists to step in and act as either the buyer or the seller public investor orders exist do not match up naturally. Also known …   Financial and business terms

  • Marbury v. Madison — Marbury v. Madison …   Wikipedia

  • Connecticut Supreme Court — Seal of the State of Connecticut Judicial Branch Established 1784 Jurisdiction Connecticut …   Wikipedia

  • receipt — Written acknowledgment of the receipt of money, or delivery of a thing of value, without containing any affirmative obligation upon either party to it; a mere admission of a fact, in writing. And, being a mere acknowledgment of payment, is… …   Black's law dictionary

  • Red Lion Broadcasting Co. v. Federal Communications Commission — SCOTUSCase Litigants=Red Lion Broadcasting Co. v. Federal Communications Commission ArgueDateA=April 2 ArgueDateB=3 ArgueYear=1969 DecideDate=June 9 DecideYear=1969 FullName=Red Lion Broadcasting Company, Incorporated, et al. v. Federal… …   Wikipedia

  • Sheff v. O'Neill — Sheff v. O Neill, 238 Conn. 1, 678 A.2d 1267 (1996), is a Connecticut Supreme Court case that resulted in a landmark decision regarding civil rights and the right to education.On April 18, 1989, eighteen school aged children from the metropolitan …   Wikipedia

  • public interest — Something in which the public, the community at large, has some pecuniary interest, or some interest by which their legal rights or liabilities are affected. It does not mean anything so narrow as mere curiosity, or as the interests of the… …   Black's law dictionary