Pass The Book

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Definition: Pass The Book

Pass The Book
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Full Definition of Pass The Book

The process of one brokerage firm transferring all the responsibilities associated with an account to another brokerage firm in a different time zone, so that the brokerage firm can make trades over a 24-hour period. Essentially, this extends the period that the brokerage firm can make trades. This type of action may occur several times in a 24-hour period as the account is transferred to various locations across the world.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/pass-the-book/
Modern Language Association (MLA):
Pass The Book. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 18, 2024 https://payrollheaven.com/define/pass-the-book/.
Chicago Manual of Style (CMS):
Pass The Book. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/pass-the-book/ (accessed: May 18, 2024).
American Psychological Association (APA):
Pass The Book. PayrollHeaven.com. Retrieved May 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/pass-the-book/

Definition Sources

Definitions for Pass The Book are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.