- A commission shared among two or more stockbrokers on a trade from one firm to another.
- Something relinquished or conceded; a giveback.
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Dictionary:
give-up (gĭv'ŭp') |
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| Investment Dictionary: Give Up |
A procedure in securities or commodities trading where the executing broker places a trade on behalf of another broker as if he/she actually executed the trade. This is usually done because a broker is too busy to place a trade for a client and asks another broker to place the trade for him/her. On the record books, the trade will not show the executing broker's information, but the broker to whom the client belongs. Thus, the broker of the client and the broker on the other side of the trade will receive the commission, while the executing trader will get nothing. This is a grey area of law governing reimbursement of brokers for services (e.g. research).
Investopedia Says:
Pay close attention, here's how it works. Broker X gets a buy order from a client but is too busy to place the trade, so he asks Floor Broker Y, who isn't as busy, to place the order for him/her. Broker Y then buys the stock from Broker Z on behalf of Broker X's client. However, although Floor Broker Y places the trade, he must "give up" the transaction and record it as if Broker X placed the trade since the client belongs to him/her. Thus, the transaction is recorded as if X & Z made the trade, even though Floor Broker Y executed the trade.
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| Financial & Investment Dictionary: Give Up |
1. term used in a securities transaction involving three brokers, as illustrated by the following scenario: Broker A, a Floor Broker, executes a buy order for Broker B, another member firm broker who has too much business at the time to execute the order. The broker with whom Broker A completes the transaction (the sell side broker) is Broker C. Broker A "gives up" the name of Broker B, so that the record shows a transaction between Broker B and Broker C even though the trade was actually executed between Broker A and Broker C.
2. another application of the term: A customer of brokerage firm ABC Co. Travels out of town and, finding no branch office of ABC, places an order with DEF Co., saying he is an account of ABC. After confirming the account relationship, DEF completes a trade with GHI Co., advising GHI that DEF is acting for ABC ("giving up" ABC's name). ABC will then handle the clearing details of the transaction with GHI. Alternatively, DEF may simply send the customer's order directly to ABC for execution. Whichever method is used, the customer pays only one commission.
| Idioms: give up |
1.
Surrender, as in The suspect gave himself up. [1100s]
2.
Stop doing or performing something, as in They gave up the search, or She gave up smoking almost thirty years ago. [c. 1600]
3.
Part with, relinquish, as in They gave up their New York apartment, or We gave up all hope of finding the lost tickets. [Mid-1500s]
4.
Lose hope for, as in We had given you up as lost. [Late 1500s]
5.
Admit defeat, as in I give up--what's the right answer?
[c. 1600]
6.
give up on. Abandon, lose one's faith in, as in I gave up on writing a novel, or She gave up on religion years ago. [Colloquial; second half of 1900s] Also see
give oneself up to.
| Album Review: Give Up |
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| Track Title | Composers | Performers | Time |
| The District Sleeps Alone Tonight (Lyrics) | The Postal Service | (4:44) | |
| Such Great Heights (Lyrics) | The Postal Service | (4:26) | |
| Sleeping In (Lyrics) | The Postal Service | (4:21) | |
| Nothing Better (Lyrics) | The Postal Service | (3:46) | |
| Recycled Air (Lyrics) | The Postal Service | (4:29) | |
| Clark Gable (Lyrics) | The Postal Service | (4:54) | |
| We Will Become Silhouettes (Lyrics) | The Postal Service | (5:00) | |
| This Place Is a Prison (Lyrics) | The Postal Service | (3:54) | |
| Brand New Colony | The Postal Service | (4:12) | |
| Natural Anthem (Lyrics) | The Postal Service | (5:07) |
| Wikipedia: Give Up |
| Give Up | ||
|---|---|---|
| Studio album by The Postal Service | ||
| Released | February 19, 2003 | |
| Recorded | December 2001 and 2002 at Dying Songs, Los Angeles and Computerworld, Seattle | |
| Genre | Indie pop Electropop Electronica |
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| Length | 44:59 | |
| Label | Sub Pop SPCD 595 |
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| Producer | Jimmy Tamborello, Chris Walla | |
| Professional reviews | ||
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| Singles from Give Up | ||
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Give Up is the debut album by electronic pop duo The Postal Service. Released on February 19, 2003, it was the second Sub Pop Records release to receive gold certification, and was Sub Pop's best selling album since Nirvana's Bleach.[2] The album peaked at #114 on the U.S. Billboard 200 album chart and sold over 900,000 copies.
The band began as a side project between electronic music artist Jimmy Tamborello and Death Cab for Cutie's vocalist Ben Gibbard. They had previously worked together for a track on Dntel's album Life Is Full of Possibilities.
The album was generally well received, and critics commented on its throwbacks to the eighties New Wave genre.
Contents |
The Postal Service's two members – Ben Gibbard of Death Cab for Cutie and electronic music artist Jimmy Tamborello – had previously collaborated on "(This Is) The Dream of Evan and Chan" before deciding to record a full length album together.[3] The two worked on the album separately; in December 2001, Tamborello sent a CD-R of electronic music to Gibbard, who added melodies and wrote lyrics. He then added drums, guitar and keyboards at Death Cab for Cutie guitarist Chris Walla's recording studio and sent the CD back to Tamborello. This process of mailing each other their work on the album continued; after ten months and two trips by Gibbard to Los Angeles to record vocals, the album was completed.[4] They called themselves "The Postal Service" because of this method of trading ideas.[5] Rilo Kiley's Jenny Lewis provided backup vocals after being cold called by Gibbard, who knew her when Rilo Kiley was on the same label as Death Cab for Cutie.[3]
Give Up was released February 19, 2003 on Sub Pop Records in the U.S. It was awarded a gold certification on March 10, 2005, the second Sub Pop record ever to do so.[6] It was later released in the UK on April 23, 2003.[7] As of December 2007[update], it has sold over 900,000 copies.[2]
The album led to three singles; "The District Sleeps Alone Tonight", "Such Great Heights" and "We Will Become Silhouettes", of which only "We Will Become Silhouettes" charted, reaching 82 on the Billboard Hot 100.[8]
In January 2006, Apple released an advertisement for the iMac that was said to be very similar to The Postal Service's video for "Such Great Heights".[9] Some created videos that played the advertisement and the music video side by side to make the resemblance clear.[10] It was later revealed that the advertisement had been created by the filmmakers who had made the music video. Ben Gibbard said on the band's website:
It has recently come to our attention that Apple Computers' new television commercial for the Intel chip features a shot-for-shot recreation of our video for 'Such Great Heights' made by the same filmmakers responsible for the original. We did not approve this commercialization and are extremely disappointed with both parties that this was executed without our consultation or consent.[11]
The band did not take legal action, but Tamborello later stated in an interview that they "got a little bit of compensation from them for it" in the form of "attention from iTunes and stuff like that".[12]
The United States Postal Service served the band with a cease and desist letter citing tarnishing and dilution of their trademark. The band initially considered renaming themselves, but eventually came to a settlement that involved the band playing at a conference and the sale of the album in the USPS online store.[13] Tamborello later said of their conference performance:
It was really weird. When we found out we had to do it, it was really depressing, and it kind of freaked me out. I already don't like flying, and flying to play a show for people who probably aren't going to care – we only played two songs – it just seemed like a crazy trip. But then when we did it, and it ended up being kind of fun.[12]
The band toured the U.S. from April to August 2003, including Jenny Lewis in the line-up for all but one of the performances. Lewis provided vocals as well as guitar and keyboards. In the sole performance that Lewis missed, a festival in Spain, friend Joan Hiller sang and Chris Walla played her guitar and keyboard parts.[14] Death Cab for Cutie bassist Nick Harmer was in charge of the tour's visuals.[3] Tamborello later said in an interview that Gibbard had been nervous about touring, as the audience may have been bored by what they saw as "a guy with a computer onstage". This was partly the motivation for using visual effects such as videos and lights, which included small films for each song.[3][12]
The album primarily deals with themes of love, as well as fame, history, and friendship.[7] "Clark Gable" is about Gibbard making home movies with an ex and "Nothing Better" is a duet between a couple about to break up.[15] Allmusic's Heather Phares compared "Nothing Better" to The Human League's "Don't You Want Me?" and Gibbard later confirmed that "Don't You Want Me?" was the inspiration for the song.[4][16] Gibbard said that "The District Sleeps Alone Tonight", "Brand New Colony" and "This Place Is a Prison" were the only songs that bordered on autobiographical.[4] He went on to say that "Such Great Heights" was the only song he had ever written that was positive about love.[4]
Critics compared it to the eighties synth and New Wave genres.[7][15][16] Pitchfork Media's Matt LeMay and Phares both commented on the contrasts between the "cool, clean synths" and Gibbard's vocal melodies.[16][17] Phares went on to liken "This Place Is a Prison" to Björk's recent works.[16] Death Cab for Cutie had previously covered Björk's "All Is Full of Love" on their The Stability EP.
Critics were generally positive about the album. LeMay gave it a rating of 8 out of 10, calling it "... a pretty damned strong record, and one with enough transcendent moments to forgive it its few substandard tracks and ungodly lyrical blunders".[17] Both LeMay and Pop Matters's Devon Powers commented on the "clichéd", "cringe-worthy" lyrics of "Sleeping In".[7][17] Michaelangelo Matos of Rolling Stone said it was "a cuddly little new wave reverie", giving it 3 out of 5 stars.[15] Phares said that whilst the album was good, it did not measure up to either Gibbard or Tamborello's main projects.[16] Online music magazine Pitchfork placed Give Up at number 104 on their list of top 200 albums of the 2000s.[18]
All tracks by The Postal Service.
The vinyl version of Give Up was released on November 9, 2004. It came with a bonus 12" of B-sides, covers and remixes:
The material found on the bonus disc is also found on the Such Great Heights EP, the The District Sleeps Alone Tonight EP, and the We Will Become Sillhouettes EP.
| Billboard[8] | |||
|---|---|---|---|
| Billboard 200 | Top Heatseekers | Top Independent Albums | Top Electronic Albums |
| 114 | 1 | 3 | 1 |
| Single | Billboard Hot 100[8] |
|---|---|
| "We Will Become Silhouettes" | 82 |
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