- Industry: Financial services
- Number of terms: 10107
- Number of blossaries: 0
- Company Profile:
Packaged option information informs the user that standard ratio of 1 contract = 100 shares does not apply. One contract may represent more or less than 100 shares, and may represent multiple underlying securities and/or cash. Packaged options are normally created when the underlying security has undergone a merger, spin-off, and/or a stock dividend.
Industry:Financial services
A trading range showing the lowest and highest price a security has traded at during the past 52 weeks (1 year).
Industry:Financial services
The nominal dollar amount assigned to a security by the issuer. For a debt security, the amount repaid to the investor when the bond matures (usually, corporate bonds have a face value of $1000, municipal bonds $5000, and federal bonds $10,000). Also called face value.
Industry:Financial services
If two or more people own an account together the account is known as a joint account. There are several different types of joint accounts, including Tenants in Common (TIC), As Tenants by Entirety (ATBE), Joint Tenants with Rights of Survivorship (JTWROS), and Community Property (Comm Prop).
Industry:Financial services
Represents the date on which the issuer may redeem part or all of the security at Par, prior to maturity.
Industry:Financial services
If two or more people own an asset together, the asset is known as joint property. There are several different types of joint assets, including Tenants in Common (TIC), As Tenants by Entirety (ATBE), Joint Tenants with Rights of Survivorship (JTWROS) and Community Property (Comm Prop).
Tenants in Common (TIC) A form of joint ownership whereby each owner holds an individual interest in property. The interest does not terminate at death, but passes to a deceased owner's estate.
As Tenants by Entirety (ATBE) This designation is only recognized in a limited number of states and is only allowed for married couples. Upon the death of one of the spouses, the surviving spouse is entitled to the assets. ATBE may provide some protection in the event of a liability lawsuit against one of the spouses.
Joint Tenants with Rights of Survivorship (JTWROS) Means that upon the death of one of the joint owners, the remaining person or persons are entitled to the assets.
Community Property (COMM) Certain states recognize assets as "community property" between married persons. In general, these laws dictate that any property acquired after marriage is the common property of both husband and wife. The distribution of the assets upon the death of one spouse varies according to each state's laws.
Industry:Financial services
The stated amount of a bond. If a bond is selling above the stated amount it would be selling at a premium (above Par); if it is selling below that amount, it would be selling at a discount (below par).
Industry:Financial services
Means that upon the death of one of the joint owners, the remaining person or persons are entitled to the assets.
Industry:Financial services
