One of the mysteries of the English language finally explained.
A system of financial trading in which dealers shout their bids and contracts aloud.
- ‘General Atlantic also moved to allay fears that open outcry would suffer from its involvement.’
- ‘If a game is trying to have some element of realism, especially in an economic game, then an auction with open outcry, in which the bidding increment is very small, is the way to go.’
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