freed up

Definition

Term used amongst security brokers to let underwriters know that pricing agreed upon in a contract between participating members (known as an Agreement Among Underwriters) has expired and they are free to trade securities based on current market pricing.

Use freed up in a sentence

You may find that it is best to have some money freed up so that you are always ready to take on a new investment.

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They were freed up to do what they want and that made everyone a lot happier because it meant they were moving forward.

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Once the terms had expired and they were freed up to sell it at current market prices the broker's felt much sense of empowerment.

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