Finance Programs and Objectives

Book value of the assets of a company or a security may have little relationship to market value. If you ask your financial advisor for a "quote" on a stock, he or she may come back with something like "45 1/4 to 45 1/2." This means that $45.25 is the highest price any buyer wanted to pay at the time the quote was given on the floor of the exchange and that $45.50 was the lowest price that any seller would take at the same time. Individuals may write (sell) sell promissary notes near piqua oh as well as purchase options. It is greater than the current yield when the bond is selling at a discount and less than the current yield when the bond is selling at a premium. FINRA – The Financial Industry Regulatory Authority (f/k/a National Association of Securities Dealers), sell promissary notes near piqua oh is the largest non-governmental regulator for all securities firms doing business in the United States. The net change is ordinarily the last figure in the newspaper stock price list.

Under this system investors buy by the dollars' worth rather than by the number of shares. Rights – When a company wants to raise more funds by issuing additional securities, it may give its stockholders the opportunity, ahead of others, to buy the new securities in proportion to the number of shares each owns. Debit balance – In a customer's margin account, that portion of the purchase price of stock, bonds or commodities that is covered by credit extended by the broker to the margin customer.

The Exchange is a non-profit corporation of 1,366 individual members, governed by a board of directors consisting of 10 public representatives, 10 Exchange members or allied members and a full-time chairman, executive vice chairman and president. The first member tells the third member that he or she is acting on behalf of the second member and "gives up" the second member's name rather than his or her own. Liquidity is one of the most important characteristics of a good market.

But if you have to pay more for the stock than the price you received, that is the amount of your loss. Net change – The change in the price of a security from the closing price on one day to the closing price the next day on which the stock is traded. Information is either printed or displayed on a moving tape after each trade. The redistribution of a block of stock some time after it has been sold by the issuing company.

Contrasts with a controlled market in which supply, demand and price may all be regulated. Capitalization – Total amount of the various securities issued by a corporation. Includes such practices as depreciation, depletion, write-off of intangibles, prepaid expenses and deferred charges. Regulation T – The federal regulation governing the amount of credit that may be advanced by brokers and dealers to customers for the purchase of securities. Intrinsic value* - The dollar amount of the difference between the exercise price of an option and the current cash value of the underlying security. Point changes in the index are converted to dollars and cents so as to provide a meaningful measure of changes in the average price of listed stocks.

Keeping up with the increasing number of investment products and services in the marketplace today can be confusing. Mortgage bond – A bond secured by a mortgage on a property. The term is often used to explain a downturn in the market following a period of rising prices. Leverage – The effect on a company when the company has bonds, preferred stock, or both outstanding. In some states, the law requires that a fiduciary, such as a trustee, may invest the fund's money only in a list of securities designated by the state - the so-called legal list.

The sell side includes retail brokers, institutional brokers and traders, and research departments. Prospectus – The official selling circular that must be given to purchasers of new securities registered with the Securities and Exchange Commission. If, for example, the NYSE Composite Index rises from 90.25 to 91.25, it has risen a point. The Exchange itself does not buy, sell, own or sell promissary notes near piqua oh set the prices of securities traded there.

Short position* - Stocks, options or futures contracts sold short and not covered as of a particular date. The group forms a syndicate to sell the securities to individuals and institutions. Income bond – Generally income bonds promise to repay principal but to pay interest only when earned. Primary distribution – Also called primary or initial public offering.

In the case of market averages, the word point means merely that and no more. The composite index is supplemented by separate indexes for four industry groups. How does a chapter ch 13 bankruptcy question protect my assets. In "unfriendly" takeover attempts, the potential buying company may offer a price well above current market values, new securities and other inducements to stockholders.

You should consult your tax advisor for specific information. Stop buy orders are generally used to limit loss or protect unrealized profits on a short sale. Depreciation – Normally, charges against earnings to write off the cost, less salvage value, of an asset over its estimated useful life. The object may be to save interest costs, extend the maturity of the loan, or both. Securities firms may have correspondents in foreign countries or on exchanges of which they are not members. Values are affected by beauty of the certificate and the issuer's role in world finance and economic development.

The term "principal" may also refer to a person's capital or to the face amount of a bond. The buyer of a stock selling ex-rights is not entitled to the rights. In every case a bond represents debt - its holder is a creditor of the corporation and not a part owner, as is the shareholder. A bookkeeping entry, it does not represent any cash outlay nor are any funds earmarked for the purpose. Face value is ordinarily the amount the issuing company promises to pay at maturity. Each holder of 100 shares before the 3-for-1 split would have 300 shares, although the proportionate equity in the company would remain the same; 100 parts of 1 million are the equivalent of 300 parts of 3 million.

Preferred stock – A class of stock with a claim on the company's earnings before payment may be made on the common stock and usually entitled to priority over common stock if the company liquidates. Liquidation – The process of converting securities or other property into cash. Regular way delivery for bonds is the following business day. Aug learn how unsecured personal loans work.

Upon retirement, the policyholder is paid according to accumulated units, the dollar value of which varies according to the performance of the stock portfolio. The purchaser hopes that the stock's price will go up (a call) or down (a put) by an amount sufficient to provide a profit if the option is sold or exercised. In the case of preferred stocks it signifies the dollar value upon which dividends are figured.

It may be held in the company's treasury indefinitely, reissued to the public or retired. The earnings report lists the income earned, expenses and the net result. Covered calls generally limit the risk the writer takes because the stock does not have to be bought at the market price, if the holder of that option decides to exercise it. Spin off – The separation of a subsidiary or division of a corporation from its parent company by issuing shares in a new corporate entity. In general, interest paid on municipal bonds is exempt from federal income taxes and state and local taxes within the state of issue. In most cases they must be exercised within a relatively short period.

Good delivery – Certain basic qualifications must be met before a security sold on the Exchange may be delivered. Liquidity – The ability of the market in a particular security to absorb a reasonable amount of buying or selling at reasonable price changes. Bearer bond – A bond that does not have the owner's sell promissary notes near piqua oh name registered on the books of the issuer. Liabilities include accounts, wages and salaries payable; dividends declared payable; accrued taxes payable; and fixed or long-term liabilities, such as mortgage bonds, debentures and bank loans.

Covered call* - A short call option position in which the writer owns the number of shares of the underlying stock represented by the option contracts. The resulting figure is the net asset value per share. Equity – The ownership interest of common and preferred stockholders in a company. The technician studies price movements, volume, trends and patterns, which are revealed by charting these factors, and attempts sell promissary notes near piqua oh to assess the possible effect of current market action on future supply and demand for securities and individual issues.

Due to the nature of their particular business, some companies do not use the calendar year for their bookkeeping. Yield to maturity – The yield of a bond to maturity takes into account the price discount from or premium over the face amount. Certificate of deposit (CD) – A money market instrument sell promissary notes near piqua oh characterized by its set date of maturity and interest rate. Balance sheet – A condensed financial statement showing the nature and amount of a company's assets, liabilities and capital on a given date. Oct the credit repossession act sets out vehicle repossession the steps a creditor must follow when. Noncumulative – A type of preferred stock on which unpaid dividends do not accrue.

Market order – An 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. Municipal bond – A bond issued by a state or a political subdivision, such as county, city, town or village. The terms common stock and capital stock are often used interchangeably sell promissary notes near piqua oh when the company has no preferred stock. The dissolution of a company, with cash remaining after sale of its assets and payment of all indebtedness being distributed to the shareholders.

When stocks go ex-dividend, the stock tables include the symbol "x" following the name. Thus temporary downswings in price benefit investors if they continue periodic purchases in both good and bad times, and the price at which the shares are sold is more than their average cost. A corporation pays interest on its bonds to its bondholders. Annual report – The formal financial statement issued yearly by a corporation.

Quote – The highest bid to buy and the lowest offer to sell a security in a given market at a given time. Impact of the texas automotive total debt for automotive manufacturing industry manufacturing industry. Wells fargo home mortgage loans. The prices of the 30 stocks are totaled and then divided by a divisor that is intended to compensate for past stock splits and stock dividends, and that is changed from time to time.

Preferred and common shares may be carried in terms of par or stated value. Most companies, though, operate on a calendar year basis. The annual report shows assets, liabilities, revenues, expenses and earnings - how the company stood at the close of the business year, how it fared profit-wise during the year, as well as other information of interest to shareowners.

If each investment is of the same number of dollars, payments buy more shares when the price is low and fewer when it rises. Round lot – A unit of trading or a multiple thereof. Record date – The date on which you must be registered as a shareholder of a company in order to receive a declared dividend or, among other things, to vote on company affairs. Ex-dividend – A synonym for "without dividend." The buyer of a stock selling ex-dividend does not receive the recently declared dividend. In some inactive stocks, the unit of trading is 10 shares. Redemption price – The price at which a bond may be redeemed before maturity, at the option of the issuing company.

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