Pink sheets are listings for stocks that trade over-the-counter. These are the companies that are not listed on a major exchange like NYSE or Nasdaq.

 

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Payment for order flow is the payment a brokerage firm gets for directing orders to different parties for execution of a trade.

 

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The parity price is used for securities and commodities, and the term defines two assets equal in value. 

 

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A parity bond are two or more bonds with equal rights of payment or equal seniority to one another.

 

Previous close is asset’s previous closing price. It almost always refers to the final price of a security a day before the current one.

 

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