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The nominal dollar amount assigned to a security by the issuing institution or company.
A financial institution that buys a firm’s accounts receivables and collects the debt.
Sale of a firm’s accounts receivables to a factor.
A federal institution that insures bank deposits.
Established by congress in 1970, the corporation buys qualified mortgage loans from originating institutions. It converts the loans to securities, which it then sells to investors. The U.S. government does not back the corporation’s securities.
Like Freddie Mac the congressionally chartered corporation (1938) buys qualified mortgage loans from originating institutions. It converts the loans to securities, which it then sells to investors. The U.S. government does not back the corporation’s securities.
The price at which a broker executes a trade order.
A trade order that is canceled unless executed within a specified time period.
Conducts the regulatory oversight of more than 5,000 securities firms and 666,000 registered representatives. It is responsible for rule writing, firm examination, enforcement and arbitration and mediation functions, along with all functions that were previously overseen solely by NASD, including market regulation under contract for NASDAQ, the American Stock Exchange, the International Securities Exchange and the Chicago Climate Exchange.
A corporation or institution’s accounting year (often different from a calendar year).
Annuity contracts in which the issuing institution pays a fixed dollar amount per period.
A debt instrument that may pay interest at a variable (instead of fixed) rate.
The area of an exchange where trading occurs.
A licensed agent who is paid a commission for executing orders for clearing members or their customers.
An agent who generally trades only for his/her own account, for an account under his/her control, or who has such a trade made for him/her. Sometimes called a ‘local.’
A collective name for a variety of different investment strategies that suggest following strict rules rather than emotional decisions (e.g., dollar cost averaging).
A market in which the forces of supply and demand operate unhindered.
Set of funds with different investment objectives offered by one investment management company.
Long-term loans, obligations, or debt instruments, usually accompanied by interest payments.
Money or assets that can be converted to money. An investment company that sells shares and invests in securities issued by publicly traded companies.