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Inactive Market
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

A market in which the volume of sales for the day or other period is small in comparison with average transactions.  In an inactive stock market, the number of securities dealt in and number of shares per transaction are small because of lack of public participation.  An inactive market is usually one in which trading is largely confined to professionals.  See NEW YORK STOCK EXCHANGE for volume of transactions.

See ACTIVE MARKET

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