Mark-up: Difference between revisions
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A [[mark-up]] (or [[mark-down]]) is a [[dealer]]’s way of making money: the equivalent in a [[principal]] arrangement to [[commission]] paid to an [[agent]]. | A [[mark-up]] (or [[mark-down]]) is a [[dealer]]’s way of making money: the equivalent in a [[principal]] arrangement to [[commission]] paid to an [[agent]]. | ||
Not to be confused with a ''[[legal mark-up]]'', an impenetrable melange of [[passive|passives]], [[passive-aggressive]]s, [[redundancy|redundancies]], {{tag|flannel}} and [[non-sequitur]]s injected into a perfectly sensible {{tag|contract}} by a perfectly tedious [[mediocre lawyer|attorney]]. | Not to be confused with a ''[[legal mark-up]]'', an impenetrable melange of [[passive|passives]], [[passive-aggressive]]s, [[redundancy|redundancies]], {{tag|flannel}} and [[non-sequitur]]s injected into a perfectly sensible {{tag|contract}} by a perfectly tedious [[mediocre lawyer|attorney]]. The sheer inscrutability of one’s mark-up is a criteria for [[inhouse legal team of the year]]. | ||
Also not to be confused with a a [[mark-up language]] which is a way of coding ordinary text in a way that machines can understand. This works quite well sometimes: The internet runs on [[hypertext mark-up language]] — “[[html]]”— an acquired taste but one which any fule can understand with a little patience; the fabulous <nowiki>{{MediaWiki}} runs on [[wiki mark-up]]</nowiki>, which even dear old five-thumbed [[Jolly Contrarian]] can understand — but other adventures have been less successful. There are lawyers at Linklaters who still can’t communicate unemotionally, having coded the entirety of the [[2011 Equity Derivatives Definitions]]— remember those? No? — in [[Financial products Markup Language]]. | |||
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*[[Inhouse legal team of the year]] | |||
Revision as of 16:19, 3 December 2019
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Brokerage Anatomy™
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A mark-up (or mark-down) is a dealer’s way of making money: the equivalent in a principal arrangement to commission paid to an agent.
Not to be confused with a legal mark-up, an impenetrable melange of passives, passive-aggressives, redundancies, flannel and non-sequiturs injected into a perfectly sensible contract by a perfectly tedious attorney. The sheer inscrutability of one’s mark-up is a criteria for inhouse legal team of the year.
Also not to be confused with a a mark-up language which is a way of coding ordinary text in a way that machines can understand. This works quite well sometimes: The internet runs on hypertext mark-up language — “html”— an acquired taste but one which any fule can understand with a little patience; the fabulous {{MediaWiki}} runs on [[wiki mark-up]], which even dear old five-thumbed Jolly Contrarian can understand — but other adventures have been less successful. There are lawyers at Linklaters who still can’t communicate unemotionally, having coded the entirety of the 2011 Equity Derivatives Definitions— remember those? No? — in Financial products Markup Language.