hit 2

hit 2 definition - business

hit 2

  1. To sell a security at a bid price quoted by a dealer. For example, a trader will hit a bid.
  2. To suffer a loss of money on a trade. For example, a dealer may take a hit on the holdings of Moore's Fried Foods' common stock.
  3. To access a webpage.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.