In finance and accounting, the term 'book' may refer to preliminary indications of interest in underwriting securities, a record maintained by a specialist of buy and sell orders, the action of giving accounting recognition to transactions, or collectively, the journals, ledgers, and other accounting records of a business.
A generalist is an individual who possesses a wide array of skills, interests, and knowledge across various fields or whose job responsibilities span multiple domains. This contrasts with a specialist, who focuses narrowly on a particular area of expertise.
A specialist is an individual with extensive knowledge and expertise in a specific field or area. In the context of securities, a specialist is a member of a stock exchange responsible for maintaining a fair and orderly market in one or more securities.
