zero-plus tick

zero-plus tick definition - finance
A Securities and Exchange Commission rule that says that a short sale (a sale of stock that the trader doesnÂ’t own) can occur only if the last transaction price was unchanged from the transaction price directly before it, but higher than the last different sale price.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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