Term
|
Definition
| A financial institution, a private business development company, directors or officers of the issuer, or an individual with a net worth of $1 million or $200k annual income, for the past 2 years. If a joint account, the income test goes to $300k. |
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Term
|
Definition
| The increas of the cost basis on a bond. |
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Term
|
Definition
| Interest realized between interest payments. |
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Term
|
Definition
| An aacount measure used to determine the annuitant interest in a separate account. This deposit of money is an annuity expressed in these units. |
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Term
|
Definition
| The Uniform Securities Act of 1933 |
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Term
|
Definition
| According to the value; term used for property taxes. |
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Term
|
Definition
| The State securities commision, its commissioner, or secretary. |
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Term
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Definition
| General information to the general public; it is considered an indirect audience (material used in the media). |
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Term
|
Definition
| When a firm effects trades for the account of others. |
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Term
|
Definition
| A mutual fund that attempts to acheive the highest capital gains. |
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Term
| American Depository Receipts (ADRs) |
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Definition
| A foreign security on deposit at an overseas American bank branch (used to facilitate US investors trading in foreign securities). |
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Term
|
Definition
| The person receiving the payments from an annuity. |
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Term
|
Definition
| A contract that provids for payments for over the life of the contract. |
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Term
|
Definition
| The payment period of an annuity. |
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Term
|
Definition
| The payments from an annuity are expressed in these units. |
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Term
| Articles of Incorporation |
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Definition
| The charter granted by the state where the corporation exists. |
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Term
|
Definition
| The lowest price a seller is willing to accept for a security. |
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Term
|
Definition
| The number of shares to be issued according to the articles of incorporation. |
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Term
|
Definition
| Checks payable at a specified future date drawn on and accepted by a bank. |
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Term
|
Definition
| The highest price that a buyer is willing to pay for a security. |
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Term
|
Definition
| Highly rated issues of large, mature companies. |
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Term
|
Definition
| The governing body of the corporation (or mutual fund) elected by the shares owned by the shareholders who establish management policies. |
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Term
|
Definition
| A corporate or government debt security. |
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Term
| Bond Anticipation Note (BAN) |
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Definition
| Used for temporary project financing that will eventually receive revenues from a bond issue. |
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Term
|
Definition
| Mutual fund that invests all of their assets in debt securities. |
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Term
|
Definition
| The possessors of debt instruments. |
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Term
|
Definition
| Ownership of a bond evidenced by an accounting entry with no physical certificate. |
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Term
|
Definition
| A person engaged in transacting securities transactions for the account of others. |
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Term
|
Definition
| Firm that effects securities transactions for their own account or the account of others. |
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Term
|
Definition
| The issuer has the flexibility to retire debt prior to maturity. |
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Term
|
Definition
| Gives the buyer of the contract the right to purchase the underlying security at a set price, known as the strike price. |
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Term
|
Definition
| The right to call or repurchase the security. |
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Term
|
Definition
| Appreciation of the market value of a security. |
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Term
|
Definition
| An investment sold for less than is cost basis. |
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Term
|
Definition
| The sum of all issued securities of a corporation. |
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Term
|
Definition
| The accumulated value of an insurance policy that will be returned to the policy owner upon surrender of the policy. |
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Term
|
Definition
| An order preventing the continuation of an action. |
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Term
|
Definition
| Short term instruments issued by commercial banks. |
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Term
|
Definition
| Engaging in transactions solely to generate commissions (excessive trading). |
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Term
|
Definition
| A liability created without willful intent against an individual. |
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Term
|
Definition
| Non-criminal penalties usually resulting in a fine. |
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Term
| Closed-End Investment Company |
|
Definition
| An investment company whose issues are not redeemable and trades on an exchange or over the counter. |
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Term
|
Definition
| Concerned with settling disputes between broker/dealers, associated persons, and/or the public. |
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Term
|
Definition
| Outlines procedural process in the evnt of securities violations. |
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Term
|
Definition
| Bond issued by a corporation that owns portions of other companies and use these stocks as collateral for a bond issue. |
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Term
| Collateral Trust Certificate |
|
Definition
| Marketable securities are used as collateral to back the certificate. |
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Term
|
Definition
| Promissory note issued by a corporation. |
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Term
|
Definition
| Company stock that does not pay a specified dividend. |
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Term
|
Definition
| A consideration to alleviate extra tax burdens on shareholders. |
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Term
|
Definition
| An individual who obtains financial products or services from a financial instituion on time only (no continuing relationship is expected). |
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Term
| Contingent Deferred Sales Charge (CDSC) |
|
Definition
| A fund offered at NAV that will include a sales charge if the fund is redeemed within a specified period of time. |
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Term
|
Definition
| A plan in which sales are held by a trust that allows for periodic payments. |
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Term
|
Definition
| Stock acquired by an affiliated person such as officer or director. |
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Term
|
Definition
| The market value of a bond is equal to the market value of the common stock for which it is exchanged. |
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Term
|
Definition
| Allows a preferred stock owner or bondholder to convert to shares of common stock. |
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Term
|
Definition
| The number of shares that will be received for each share of preferred stock or corporate bond. |
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Term
|
Definition
| Bonds that allow the holder to exchange or convert into common shares in the issuing company at a predetermined price. |
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Term
|
Definition
| The 20 days after filing date of a registration statement. |
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Term
|
Definition
| A legal business entity whose existence is legally distinct from the people who own or control it. |
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Term
|
Definition
| Any written or electronic mail messages distributed to existing or prospective customers. |
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Term
|
Definition
| The original purchase price of a security, inclusive of sales charges. |
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Term
|
Definition
| The interest rate paid on a bond. |
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Term
|
Definition
| A liability created by willful violations. |
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Term
|
Definition
| A provision that allows no dividend to be paid to common stockholders if preferred dividends are in arrears. |
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Term
|
Definition
| Number of shares times number of vacancies equals number of votes. |
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Term
|
Definition
| Annual interest paid on a bond divided by its current market value or annual dividend on a stock divided by its current market value. |
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Term
|
Definition
| A national bank or trust company that safeguards a mutual fund's physical assets. Also, the fiduciary of a minor's account (UGMA). |
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Term
|
Definition
| An individual or entity with which a financial institution expects to have a continuing relationship. |
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Term
|
Definition
| Stock whose earnings tend to fluctuate withing the business cycle of their industry. |
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Term
|
Definition
| The date that accumulation units are converted to annuity units. |
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Term
|
Definition
| A firm that performs securities transactions for their own account as a part of regular business. |
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Term
|
Definition
| The amount the beneficiary receives from the decedent owner of an annuity or life insurance policy. |
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Term
|
Definition
| A bond issue that is not secured by a pledged asset. |
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Term
|
Definition
| The date the board of directors authorizes a dividend. |
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Term
|
Definition
| Stocks in companies that have a resistance to recession. |
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Term
|
Definition
| Payments from the annuity are delayed for a specified period of time after the deposit. |
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Term
|
Definition
| The sales charge is determined by the length of time the security is held. |
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Term
|
Definition
| A letter sent by the SEC to a company issuing a prospectus and it outlines recommendations and changes to the prospectus thus postponing the issue. |
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Term
|
Definition
| The employee is assured a specified annual benefit payment at retirement. |
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Term
| Defined Contribution Plan |
|
Definition
| A retirement plan where the employer is required to fund a specified contribution on behalf of each employee. |
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Term
|
Definition
| The persisten and appreciable decline in general price levels. |
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Term
|
Definition
| A bond that is sold at less than par value. |
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Term
|
Definition
| Securities that are purchased below the face value and redeemed at full value. |
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Term
|
Definition
| The yield denotes the percentage discount from the face value of the issue . |
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Term
|
Definition
| The controlling influence effecting securities transactions in which the registered representative or the B/D has to determine either the Action, Amount, or Asset to be purchased or sold. |
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Term
|
Definition
| The principal underwriter of a mutual fund. |
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Term
|
Definition
| The spreading out of investment assets to reduce violatility. |
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Term
|
Definition
| A portfolio that contains various investment vehicles and/or asset classes. |
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Term
|
Definition
| A payment of earnings of a corporation per share of stock. |
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Term
|
Definition
| Systematic investments at fixed intervals, usually monthly or quarterly. |
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Term
|
Definition
| Proper investigating and researching of a security prior to transaction. |
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Term
|
Definition
| The date in which a registration statement becomes effective. |
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Term
| Equipment Trust Certificate |
|
Definition
| Equipment owned by the issuing company is used as collateral to back a debt issue. |
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Term
|
Definition
| Represents 100 shares of a specific common stock. |
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|
Term
| The Employee Retirement and Income Security Act of 1974 (ERISA) |
|
Definition
| The Act establishing IRS standards for qualified retirement plans. |
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|
Term
| Employee Stock Ownership Plan (ESOP) |
|
Definition
| A profit sharing plan whereby the employer contributions are invested in the stock of the company. |
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Term
|
Definition
| The date in which a stock trades without the right to receive a dividend. |
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|
Term
| Exchange Traded Funds (ETFs) |
|
Definition
| Investment companies whose objective is to achieve the same return as a particular market index. |
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Term
|
Definition
| A security that is not required to be registered. |
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|
Term
|
Definition
| Trades that do not normally include the general public. |
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Term
|
Definition
| Establishes the maximum amount of administrative expenses for annuity or variable life contracts. |
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Term
|
Definition
| Total expenses of a mutual fund divided by the fund's total net assets. |
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Term
|
Definition
| Debt certificates that offer pre-determined interest rates. |
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Term
|
Definition
| The Federal National Mortagage Association |
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Term
|
Definition
| Registration made effective by the SEC. |
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Term
|
Definition
| The body that implements US monetary policy. |
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|
Term
| Financial Industry Regulation Authority(FINRA) |
|
Definition
|
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Term
|
Definition
| The government's usage of taxation and expenditure programs to maintain a stable economy. |
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Term
|
Definition
| Fixed dollar payments that remain constant. |
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Term
|
Definition
| Pricing method used by mutual funds based ont he next price to be computed. |
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Term
|
Definition
| The deliberate misleading of a person to effect a transaction. |
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Term
|
Definition
| The Federal Home Loan Mortgage Corporation |
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Term
|
Definition
| Sames as a registered bond with the addition of semi-annual interest payments sent from the issuer. No physical bond is issued. |
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|
Term
| General Obligation (GO) Bond |
|
Definition
| A bond issued by a political subdivision who has the authority to levy and collect takes. |
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Term
|
Definition
| The Government National Mortgage Association |
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Term
|
Definition
| Delivery of stocks and/or bonds in certain, acceptable units. |
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Term
|
Definition
| Funds invested in blue chip companies with a solid earnings history; minimum dividend payments as earnings are used to fund further expansion. |
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Term
|
Definition
| Stock in a company that is expanding faster than the general economy and industry standards. |
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Term
|
Definition
| A fund with a combination of both growth companies and companies that pay consistent dividends. |
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Term
|
Definition
| A security that has its payment of principal, interest, or dividend assured by a third party. |
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Term
|
Definition
| The usuage of a client's fully-paid securities by a FINRA member as collateral for a loan. |
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Term
|
Definition
| Payments from the annuity begin one payment period following a lump-sum deposit into the contract. |
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Term
|
Definition
| A fund that invests in companies that pay a high dividend in relation to the market value. |
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|
Term
|
Definition
| A stock that pays a high dividend in relation to its market price. |
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|
Term
|
Definition
| A contract for corporate debt. |
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Term
|
Definition
| Issued by municipalities but are supported by a lease agreement with a corporation. |
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|
Term
|
Definition
| Demand for goods and services exceeds supply causing prices to rise. |
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|
Term
| Initial Public Offering (IPO) |
|
Definition
| A new issue that represents a corporation's first tock distribution to the public. |
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|
Term
|
Definition
| Any non-public fact that would have an effect on the value of a security in the marketplace. |
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|
Term
|
Definition
| Anyone owning 10% or more of the issuer's shares of a security; also includes anyone possessing information not available to the public. |
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|
Term
|
Definition
| Unable to meet financial obligations when due. |
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|
Term
|
Definition
| The person on whose life an insurance policy is written. |
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|
Term
| Interest-Bearing Security |
|
Definition
| Security that pays a specified periodic interest rate. |
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|
Term
|
Definition
| A person who, for compensation, engages in the business of advising other in the purchase or sale of securities. |
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|
Term
| Investment Adviser Representative |
|
Definition
| Employee of an investment adviser that may be a partner, officer, director, or other associated individual. |
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|
Term
| Investment Advisory Brochure |
|
Definition
| Literature providing certain information that an investment adviser may submit to customers. |
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|
Term
|
Definition
| Corporations or trusts in which investors are able to pool their resources for increased diversification and professional management. |
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|
Term
|
Definition
| The amount of shares that have actually been sold. |
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|
Term
|
Definition
| Any person who issues or proposes to issue a security. |
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|
Term
| Joint and Last Survivor Life Annuity |
|
Definition
| Payments from the annuity are made to two people; when one dies the payments continue to the joint annuitant. |
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|
Term
|
Definition
| A retirement plan available only to self-employed individuals. |
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|
Term
|
Definition
| Allows an investor to qualify for sales discounts without initially investing the entire required amount. |
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Term
|
Definition
| A level sales charge deducted from each installment into the contract. |
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|
Term
|
Definition
| Any company that issues bonds and/or borrows money has leveraged their assets. |
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|
Term
| Life Annuity with Period Certain |
|
Definition
| Periodic payments will be made to the annuitant for a specified number of years. |
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Term
|
Definition
| The availability to turn an investment into cash. |
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|
Term
|
Definition
| A capital gain on an asset held longer one year. |
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|
Term
|
Definition
| Allows for self-regulation of organizations. |
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|
Term
|
Definition
| The most prominent type of investment company; they may be diversified or non-diversified. |
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Term
|
Definition
| The required money in an account necessary to purchase a security on margin. |
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|
Term
|
Definition
| A dealer capable of making a continuous offering to buy and sell stocks. |
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|
Term
|
Definition
| The current price of a security. |
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|
Term
|
Definition
| A security that can be transferred to another party in a negotiated market. |
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|
Term
|
Definition
| Security trades that essentially cancel each other out. |
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|
Term
|
Definition
| An essential fact needed to make an informed investment decision. |
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|
Term
| Minimum Required Distributions |
|
Definition
| Mandatory distibutions from an IRA at age 70 1/2 |
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|
Term
|
Definition
| Statements that infer something that is not truthful |
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Term
|
Definition
| An attempt to control the supply of money and credit in the economy. |
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|
Term
|
Definition
| A fund that invests in short-term debt instruments. |
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Term
|
Definition
| Debt instruments that trade in the money market. |
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|
Term
|
Definition
| An annuity gurantees payments for life of the annuitant. |
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|
Term
|
Definition
| Are collateralized by a lien or mortgage against real property. |
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|
Term
|
Definition
|
|
Term
|
Definition
| Bonds issued by political subdivisions. |
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|
Term
|
Definition
| An open-end investment company that continually issues redeemable shares. |
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|
Term
| The National Association of Securities Dealers (NASD) |
|
Definition
|
|
Term
|
Definition
| National Associate of Securities Dealers Automated Quotation System |
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Term
|
Definition
| A stock exchange accessible to the entire country. |
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|
Term
|
Definition
| The current market, or bid price, of a mutual fund. |
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|
Term
|
Definition
| The investment income from securities held in a mutual fund portfolio. |
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|
Term
|
Definition
| The value of an individual and/or company measured by their total assets less total liabilities. |
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|
Term
| New York Stock Exchange (NYSE) |
|
Definition
| The oldest and largest exchange market in the US. |
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Term
|
Definition
| A fund with no sales charge and offered at NAV. |
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|
Term
|
Definition
| The coupon rate of a bond. |
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|
Term
|
Definition
| Security that is rquired to be registered. |
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|
Term
|
Definition
| Insures that if an annuity payment is missed during the accumulation period that is the previous investments will not be forfeited. |
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|
Term
| Non-Interest Bearing Security |
|
Definition
| Securities taht do no pay periodic interest payments. |
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|
Term
|
Definition
| Government issues that cannot be negotiated in the marketplace. |
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|
Term
|
Definition
| The lowest price that a seller is willing to accept for a security. |
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|
Term
| Office of Supervisory Jurisdiction (OSJ) |
|
Definition
| Any office designated by a member firm as directly responsible for the supervision of all persons in that office. |
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|
Term
| Open-End Investment Company |
|
Definition
| An investment company that issues redeemable shares. |
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Term
|
Definition
| The price of an option contract paid by the buyer to the writer. |
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|
Term
|
Definition
| Contractually obligated to fulfill the option through the expiration date. |
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|
Term
|
Definition
| A legally binding contract to buy or sell an underlying security at a designated price in the future. |
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|
Term
|
Definition
| A negotiated market where one buyer negotiated with one seller. |
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|
Term
|
Definition
| The number of issued shares minus treasury stock. |
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|
Term
|
Definition
| Proportionate to the number of shares owned compared to the number of outstanding shares. |
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|
Term
|
Definition
| Participating in securites tranactions only to give the appearance of securities activities. |
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|
Term
|
Definition
| A bond's face amount, normally $1,000. |
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|
Term
| Participating Preferred Stock |
|
Definition
| These stocks receive a specified divident plus additional dividends when common stock dividends ecceed a certain level. |
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|
Term
|
Definition
| The date on which the declared dividend will be paid to shareholders. |
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Term
|
Definition
| A weekly publication for over-the-counter issues that do not trade on NASDAQ. |
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|
Term
|
Definition
| A consideration designed to alleviate extra tax burdens on shareholders. |
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|
Term
|
Definition
| Groups of persons formed to conduct transactions. |
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|
Term
|
Definition
| The shareholder's right to purchase a proportionate amount of newly issued stock in a company. |
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|
Term
|
Definition
| Stock that has a preference over common stock with respect to dividends. |
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|
Term
|
Definition
| A bond selling above its par value. |
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|
Term
|
Definition
| Prohibited practices involving fradulent transactions. |
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|
Term
|
Definition
| Securites offered by a corporation that is already publicly traded. |
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|
Term
|
Definition
| A sale that takes place in the new issue market. |
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|
Term
|
Definition
| A person activley engaged in the management of the member firm's business. |
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|
Term
|
Definition
| A firm effecting securities transactions for their own account. |
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|
Term
|
Definition
| Regulation D defines asno more than 35 non-accredited with unlimited number of intitutional or accredited investors. |
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|
Term
|
Definition
| A document containing a security's information regarding objective, capitalization, sales charges, operating expenses, etc. |
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|
Term
|
Definition
| A limited power of attorney that allows voting by someone not in attendance. |
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|
Term
|
Definition
| A contract giving the buyer the right to sell the underlying security at the strike price. |
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|
Term
|
Definition
|
|
Term
| Qualified Retirement Plan |
|
Definition
| A retirement plan eligible to receive favorable tax treatment. |
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|
Term
| Real Estate Investment Trust Certificate (REIT) |
|
Definition
| Certificates where real property and mortgates are the underlying investment. |
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|
Term
|
Definition
| A slowing of economic activity. |
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|
Term
|
Definition
| The date a shareholder must officially own shares to be entitled to a dividend. |
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|
Term
|
Definition
| A prospectus with a red boarder on the cover page denoting a registration statement has been filed but not yet effective. |
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|
Term
|
Definition
| The issuance of a bond for the express purpose of eliminating another bond issue. |
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|
Term
|
Definition
| A security that has filed a registration statemetn with the state and has become effective. |
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|
Term
|
Definition
| Has the name of the owner on the bond and recoreded on the issuer's books. |
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|
Term
| Registered Representative |
|
Definition
| A sales representative that is registered with an SRO. |
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|
Term
|
Definition
| Normatlly banks or trust companies that have a responsibility to prevent a company from issuing more shares than are authorized. |
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|
Term
|
Definition
| Filed by the issuer in connection with a new offering. |
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|
Term
|
Definition
| Settlement in three business days after the trade date. |
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|
Term
| Regulated Investment Company |
|
Definition
| To qualify, an investment company must distribute at least 90% of its net investment income to shareholders. |
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|
Term
|
Definition
| Registration exemptions for private placements. |
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|
Term
|
Definition
| Stock that has no right of transferability, usually acquired through a private placement. |
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|
Term
|
Definition
| A bond obligation that has been met in full. |
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|
Term
|
Definition
| The non-taxable or cost basis portion received from a sale. |
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|
Term
|
Definition
| A bond issued to finance a distinct project. |
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|
Term
|
Definition
| Stockholders ability to view corporate books and records. |
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|
Term
|
Definition
| The right to dispose of shares through gift or resale. |
|
|
Term
|
Definition
| Allows investors the right to receive cumulative quantity discounts. |
|
|
Term
|
Definition
| The possibility of an investment losing or not gaining value. |
|
|
Term
|
Definition
| A combination of factors regarding objectives and liquidity of an investment. |
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|
Term
|
Definition
| An IRA funded with after-tax dollars and disbursed tax free after 5 years. |
|
|
Term
|
Definition
| A contract to dispose of or sell a security, or interest in a security, for value. |
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|
Term
|
Definition
| Dollar levels at which the sales charge is discounted or reduced. |
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|
Term
|
Definition
| The portion of a purchase used to pay commissions or fees. |
|
|
Term
|
Definition
| A statement required on the front page of a prospectus that the SEC does not pass on the merits of the security. |
|
|
Term
|
Definition
| Consists of both exchange markets and over-the-counter markets. |
|
|
Term
|
Definition
| Established to provide purchasers with information regarding the issuer. |
|
|
Term
| Securities and Exchange Commission (SEC) |
|
Definition
| Responsible for the enforement of securities laws. |
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Term
| Securities Investor Protection Corporation (SIPC) |
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Definition
| A protection authority established the protect investors from loss due to a failed broker/dealer. |
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Term
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Definition
| An investment from an enterprise for profit, with another company performing the management. |
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Definition
| Bonds and preferred stock of a corporation. |
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Term
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Definition
| An account established and maintained by an insurance company for their variable contracts under which income, gains, and losses are charged against the account. |
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Term
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Definition
| The date in which purchased securities must be paid for or securities sold must be delivered. |
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Term
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Definition
| The choices a beneficiary has upon the death of the insured. |
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Term
| Shares of Benefical Interest |
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Definition
| Represents an undivided interest in a unit of designated securities in a Unit Investment Trust. |
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Term
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Definition
| A capital gain for a security held less than a year. |
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Term
| Simplified Employee Pension (SEP) Plan |
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Definition
| Allos self-employed individuals to contribute to their retirement plan in amounts greater tahn traditional IRAs. |
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Term
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Definition
| A mutual fund that concentrates a major poriton of its assets in a specific industry or geographic region. |
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Term
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Definition
| A mutual fund's principal underwriter. |
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Term
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Definition
| A sales charge plan whereby no more than 20% of any payment may be applied to the sales fees. |
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Term
| Statement of Additional Information |
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Definition
| Attached to and becomes part of a prospectus and provieds additional disclosures. |
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Term
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Definition
| A period of time for which liability for actions is in effect. |
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Term
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Definition
| One vote per vacancy per share owned. |
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Term
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Definition
| A document establish physical evidence of security ownership. |
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Term
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Definition
| The annuitant receives payments as long as he/she lives, then payments end. |
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Term
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Definition
| Have junior claims to that of ordinary debentures. |
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Term
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Definition
| An order that requires a person to testify. |
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Term
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Definition
| The offering price of a stock to shareholders exercising preemptive rights. |
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Term
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Definition
| The investment objective, risk tolerance, and investment experience of a securities customer. |
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Term
| Summary Complaint Procedure (Minor Rule Violation) |
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Definition
| Available to respondents who do not dispute charges and waive their right to a hearing. |
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Term
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Definition
| The current value of assets held ina variable contract less the surrender charges, if applicable. |
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Term
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Definition
| Changing from one fund family to another where sales charge may be incurred. |
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Term
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Definition
| A section in the Investment Company Act of 1940 that allows sales literature expense to be carried by the mutual fund. |
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Term
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Definition
| Calculated by dividing the municipal yield by the compliment of the investor's tax bracket. |
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Term
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Definition
| The coupon rate on a corporate bond multiplied by the investor's tax bracket. |
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Term
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Definition
| Qualified plan a available to employees of certain non-profit organzations under the IRS code. (Not sure if this correct) |
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Term
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Definition
| A telephone call or message for the purpose of encouraging the purchase, rent, or invest in property, goods, or services. |
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Term
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Definition
| Syndicate's advertisment of a new issue in financial periodicals. |
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Term
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Definition
| The recorded date of a securities transaction; this is also the time at which the price and quanitity are determined. |
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Term
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Definition
| An individual retirement account that is funded with tax-deferred contributions. |
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Term
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Definition
| Record keeper on all registered owners of a security. |
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Term
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Definition
| Government issued debt with maturities of one year or less. |
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Term
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Definition
| Government issued debt with maturities greater than ten years. |
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Term
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Definition
| Governement issued debt with maturities of 2 to 10 years. |
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Term
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Definition
| Stock that has been reacquired by the corporation. |
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Term
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Definition
| Zero-coupon bonds issued by the US government. |
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Term
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Definition
| Bonds that are exempt from federal, state, and local taxation. |
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Term
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Definition
| An investment banker who sponsoors the sale of an issue. |
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Term
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Definition
| Instrument through which the underwriter agrees to sell an issue to the public, outlining conditions and commision schedule. |
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Term
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Definition
| The difference between what the issuer receives and the public pays for a new issue. |
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Term
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Definition
| A group of investment bankers. |
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Term
| Uniform Gift to Minor's Act (UGMA) |
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Definition
| Establishes procedures for securities to be purchased for a minor. |
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Term
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Definition
| Relates to dealings between FINRA member firms. |
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Term
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Definition
| Investment contracts that include either a fixed investment portfolio or is front-end and spread-load contractual plans. |
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Term
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Definition
| Periodic payments are made during the annuitant's lifetime, and any unused portion may be paid in a lump sum to the beneficiary. |
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Term
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Definition
| Values are based on the performance of the annuity's investment portfolio in the separate accounts. |
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Term
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Definition
| Stipulates how much money an employee is allowed to keep upon withdrawal from a qualified retirement plan, based on an approved schedule. |
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Term
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Definition
| The amount or degree of a securities fluctuations. |
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Term
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Definition
| The right to purchase securities at a specified price referred to as the subscription price. |
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Term
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Definition
| An investor repurchases sustantially the same security within 30 days of previously selling it. |
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Term
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Definition
| Security trades that esentially cancel each other out. |
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Term
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Definition
| The seller in a call option contract. |
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Term
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Definition
| The overal return an investor will receive from a bond. |
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Term
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Definition
| Bonds purchased at a deep discount from face value and redeemed at par at their maturity; they pay no periodic interest. |
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