Specialist

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Financial Definition of Specialist

Meaning of Specialist

On an exchange, the member firm that is designated as the market maker (or dealer for a listed common stock). Only one specialist can be designated for a given stock, but dealers may be specialists for several stocks. In contrast, there can be multiple market makers in the OTC market.

Legal Definition of Specialist

A member of the New York Stock Exchange who has two primary functions: first, to maintain an orderly market in the securities registered to the specialist. In order to maintain an orderly market, the exchange expects specialists to buy or sell for their own account, to a reasonable degree, when there is a temporary disparity between supply and demand. Second, the specialist acts as a broker's broker. When commission brokers on the exchange floor receive a limit order, say, to buy at $50 a stock…(more)

Synonyms of Specialist

noun

  • authority
  • connoisseur
  • consultant
  • degreeholder
  • devotee
  • experienced person
  • expert
  • homo peiitus
  • knowing person
  • learned person
  • master
  • practiced hand
  • practitioner
  • professional
  • professor
  • proficient
  • proficient person
  • qualified person
  • savant
  • scholar
  • skilled hand
  • skilled person
  • skilled practitior ~r
  • skilled worker
  • specializer
  • technician
  • trained person
  • veteran
  • virtuoso

Related Entries of Specialist in the Encyclopedia of Law Project

Browse or run a search for Specialist in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Specialist in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Specialist in Historical Law in the Encyclopedia of Law.

For more information about Historical Law definitions, see Historical Definitions in the Encyclopedia of Law. For more information about Historical Law Books and Legal Documents, see Legal Encyclopedia of Historical Books and Documents and Legal Encyclopedia of Books and Documents of the 20th Century.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Specialist in the Legal Abbreviations and Acronyms Dictionary. The Legal Abbreviations and Acronyms Dictionary entries include explanations of the context of abbreviations or acronyms as well as the direct meaning.

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http://lawi.us/specialist The URI of Specialist (more about URIs)

Cite this entry

Legal Citations Generator
(2013, 05). Specialist legaldictionary.lawin.org Retrieved 07, 2014, from http://legaldictionary.lawin.org/specialist
"Specialist" legaldictionary.lawin.org. 05 2013. 07 2014 <http://legaldictionary.lawin.org/specialist>
"Specialist" legaldictionary.lawin.org. legaldictionary.lawin.org, 05 2013. Web. 07 2014. <http://legaldictionary.lawin.org/specialist>
"Specialist" legaldictionary.lawin.org. 05, 2013. Accesed 07 2014. http://legaldictionary.lawin.org/specialist
Asian Law, 'Specialist' (legaldictionary.lawin.org 2013) <http://legaldictionary.lawin.org/specialist> accesed 2014 July 25

 

This entry was last modified: May 12, 2013

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