CURIA ROMANA ; GOLDEN BULL.) (4) "Bull" is also a term used in speculative markets, such as the Stock Exchange, to describe a speculator who buys in the hope of a rise in prices. The term is usually applied, not to those who buy and pay for stock but to those who buy "for the account" in the hope that a rise will take place before the settle ment, so that they can sell out at a profit without actually paying for their purchase. Thus, on the London Stock Exchange, where the settlements are fortnightly, this involves speculating for a rise within the fortnight, and when settling day comes the "bull" has either to sell, taking his marginal profit or meeting his marginal loss, or pay a rate for continuation into another fort nightly account. (See STOCK EXCHANGE; SETTLEMENT; CON TANGO.)