Affirmative Obligation

	Definition of 'Affirmative Obligation' An obligation of NYSE specialists to enter the market on a particular security (either by posting or bidding and ask) when there is not sufficient market demand and supply to efficiently match orders.
	Investopedia explains 'Affirmative Obligation' The affirmative obligation requires specialists to create a market for a security when public demand or supply is ineffective and can not create it for itself.

Related Definitions

Negative Obligation

An obligation of NYSE specialists to remain on the sidelines and refrain from acting as principal when there is sufficient market demand and supply to efficiently match orders.
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A stock exchange based in New York City, which is considered the largest equities-based exchange in the world based on total market capitalization of its listed securities. Formerly run ...
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Principal

1. The amount borrowed or the amount still owed on a loan, separate from interest. 2. The original amount invested, separate from earnings.3. The face value of a bond.4. The owner of a ...
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