- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A certificate on which the name of the issue, the issuer, or some other identifying detail cannot be read.
Industry:Financial services
Used in the context of general equities. Order to buy or sell a stated amount of a security at the most advantageous price obtainable after the order is represented in the trading crowd. You cannot specify special restrictions such as all or none (AON) or good 'til canceled order (GTC) on market orders. See: Limit order.
Industry:Financial services
A savings and loan association organized as a cooperative, with members purchasing shares, voting on association affairs, and receiving income in the form of dividends.
Industry:Financial services
Used for listed equity securities. See: Percentage order.
Industry:Financial services
A corporation that is owned by a group of members and that distributes income in proportion to the amount of business that members do with the company.
Industry:Financial services
A clause that may appear in an underwriting firm commitment that releases it from its purchase requirement if there are negative securities market developments.
Industry:Financial services
The doctrine that ruled that municipal bond interest is federal tax-free. In return for this federal tax exemption, states and localities cannot tax interest generated by federal government securities.
Industry:Financial services
The theory that, in certain situations, institutions wish to sell their shares but postpone the sale because large orders under current market conditions would drive down the share price and that the consequent threat of securities sales will tend to retard the rate of share price appreciation. Support for this theory is largely anecdotal.
Industry:Financial services
Mutual funds are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter. Some funds, for example, seek to generate income on a regular basis. Others seek to preserve an investor's money. Still others seek to invest in companies that are growing at a rapid pace. Funds can impose a sales charge, or load, on investors when they buy or sell shares. Many funds these days are no load and impose no sales charge. Mutual funds are investment companies regulated by the Investment Company Act of 1940. Related: open-end fund, closed-end fund.
Industry:Financial services
Used in the context of general equities. Percent of trading volume in a stock that a particular market maker trades.
Industry:Financial services
