Investor Glossary-jitneyInvestor Glossary-jitneyInvestor Glossary-jitneyInvestor Glossary-jitneyInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Jitney

The HTML to link to this page
 

A jitney is a fraudulent investment practice in which two investors or two brokers trade shares of a security back and forth to give others a false impression of high trading activity. The effect of a jitney is that the price of the security will rise. Brokers may practice a jitney for the sake of garnering commissions. A jitney usually occurs with penny stocks, whose prices are normally very low. A jitney is also called circular trading. The term "jitney" also refers to a legal arrangement where a broker who has direct access to an exchange performs trades for a broker who does not have this access. The term "jitney" is slang for anything that is made cheaply and poorly.



Rate this Jitney definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: 401a, real GDP, inflation, command economy, in escrow, cancelled check, ex-dividend, 1035 exchange, required rate of return, Key Rate Duration, stock market close, margin rate, average price per share, current ratio, deferred tax, Zero Cost Collar, stock split, EBITDA, implied volatility, LIBOR, balance sheet, risk management, FTSE, deferred revenue, per diem, labor relations, retained earnings, debt service coverage, phantom income, ex-dividend date, liquidity ratio, FICO score, 1031 exchange, annual return, option premium, covered put, 144a, wholly-owned subsidiary, irrevocable trust, APR, reverse mortgage, minority interest, open position, VIX, quality assurance, class C shares, dividends payable, limit order, diluted share


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use