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BUYING IN , on the See also:English stock See also:exchange, a transaction by which, if a member has sold securities which he fails to deliver on settling See also:day, or any of the succeeding ten days following the See also:settlement, the buyer may give instructions to a stock exchange See also:official to " buy in " the stock required . The official announces the quantity of stock, and the purpose for which he requires it, and whoever sells the stock must be prepared to deliver it immediately . The See also:original seller has to pay the difference between the two prices, if the latter is higher than the original See also:contract See also:price . A similar practice, termed " selling out," prevails when a purchaser fails to take up his securities . |
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