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Investing Glossary:
Precedence
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| The established system of priorities of trades in an exchange. For example, the highest Bid and lowest Offer have highest precedence; the first bid or first offer at a price has highest priority, and large orders have Priority over smaller orders.
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