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under the rule. In DICTIOUS you will not only get to know all the dictionary meanings for the word
under the rule, but we will also tell you about its etymology, its characteristics and you will know how to say
under the rule in singular and plural. Everything you need to know about the word
under the rule you have here. The definition of the word
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English
Prepositional phrase
under the rule
- (finance) Of a deal: concluded by the secretary of the stock exchange when the actual dealer has failed to do so.
1908, New York Produce Exchange, Report, page 349:No party shall be permitted to supply offers to buy or sell Securities closed for his account “under the rule.”
1931, Charles Harrison Meyer, The law of stockbrokers and stock exchanges, and of commodity brokers and commodity exchanges:A contract which has not been fulfilled according to the terms thereof may be officially closed “under the rule” by the Secretary, or by a member of the Committee on Arrangements, as herein provided.