out trade

Definition of "out trade"
  1. A transaction that a clearing organization cannot process since the data submitted by both parties involved differ, causing a need for reconciliation and potential resubmission or dispute resolution
How to use "out trade" in a sentence
  1. The miscommunication about the price of the commodity led to an out trade.
  2. The discrepancy in the quantity on the trading platform resulted in an out trade.
  3. The transaction between the two parties couldn't be cleared due to their conflicting information, thus becoming an out trade.

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