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Business Definition for: bar
Dictionary of Finance and Investment Terms
bar

  1. slang for one million dollars.
  2. sanction of the National Association of Securities Dealers (NASD) that expels an individual guilty of a disciplinary violation from NASD membership and prohibits associating with an NASD member.

See also gold bars
Dictionary of Business Terms
bar

  1. in legal procedure, a barrier to relitigating an issue . Abar operates to deny a party the right or privilege of rechallenging issues in subsequent litigation. The prevailing party in a lawsuit can use his favorable decision to bar retrial of the action.
  2. the legal profession.

Related Terms:
gold bars

bars made out of 99.5% to 99.99% pure gold which can be traded for investment purposes or held by central banks. Gold bars range in size from 400 troy ounces to as little as 1 ounce of gold; an individual can either hold on to these bars or store them in a safe deposit box. Central banks store gold bars weighing 400 troy ounces in vaults. In the United States, gold is stored at a few Federal Reserve banks and Fort Knox, for example. In the past, this gold directly backed the American currency, but now it serves more as a symbolic backing for dollars issued by the Federal Reserve.

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 Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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