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An institution established separately from the stock exchanges that ensures that the payment and delivery of stocks or options is handled accurately and efficiently.

Related Terms:

Options Clearing Corporation: Established in 1973, the organization processes and guarantees the standardized options contracts that ...

Exchange-Traded Fund
(ETF) A fund that tracks an index, but can be traded like a stock. Many ETFs ...

Income Stocks
Income stocks have high dividend payouts, and the companies are typically in the mature stages of ...

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