in which there is a continuous market, i.e., in which transactions occur
frequently; in which there is a narrow spread between the bid and asked
prices; in which sales may be quickly made; and in which there is minimum
price fluctuation caused by the effected transaction, whether a purchase
or sale. Such securities
are said to enjoy a good market and consequently possess an extra type
of demand - for trading accounts which favor the issues with high marketability
as trading media - and high loan value.