Used in the context of general equities. Stock status whereby a trader may not maintain positions in the security, due to an investment bank employee serving as a director on the corporation's board of directors done to avoid conflicts of interest; signified by a flashing "D" on Quotron. Contrast to restricted.

the position of a director of a business concern

an unpaid position

a commitment for active involvement and service to the organization, the membership, and the community

an unpaid commitment for active involvement and service to the organization

The condition or office of a director; directorate.