What does BOUGHT AND SOLD NOTES mean?

BOUGHT AND SOLD NOTES meaning in Law Dictionary

When a broker is required to purchase and offer products, he could be familiar with give the customer a note associated with purchase, commonly known as a "available note," and owner a like note, frequently called a "bought note," inside the very own title, as broker of each, and therefore they truly are correspondingly bound, if he's got perhaps not surpassed their expert. Saladin v. Mitchell, 45 111. 83; Keim v. Lindley (N. J. Ch.) 30 Atl. 1070.