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 :
A location where one can "cut" a
record or CD, or where records and CD's are cut in volume. Or, a place
where glass is cut for windows, material cut for dress manufacture, diamonds cut
for jewelry or industry ... A financial term? No.
 :
This term is used by con artists to describe a
financial institution that actually "mints" securities. They
would have you believe that securities are churned out in volume, almost like
paper currency. They refer to cutting houses as the Primary Market, where
securities are created for sale to SECONDARY
MARKET portfolios.
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