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Simple English definitions for legal terms
NASDAQ
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A quick definition of NASDAQ:
NASDAQ (pronounced "naz-dak") is an abbreviation for the National Association of Securities Dealers Automated Quotation System. It is a computerized system that helps people buy and sell stocks (which are like little pieces of ownership in a company) on the stock market. NASDAQ is one of the biggest stock exchanges in the world, and it helps companies raise money by selling their stocks to investors.
A more thorough explanation:
Definition: NASDAQ is an abbreviation for the National Association of Securities Dealers Automated Quotation System. It is an American stock exchange that specializes in technology and internet-related companies.
Example: Some well-known companies listed on NASDAQ include Apple, Amazon, Facebook, and Google.
Explanation: The example illustrates how NASDAQ is a stock exchange that is home to many of the world's largest and most successful technology companies. These companies are often referred to as "NASDAQ stocks" and are popular among investors who are interested in the technology sector.