Definitions Flashcards
1
Q
ADR
A
American Depository Receipt
Brokers purchase an inventory of foreign stocks and then sell interests in them in dollars
2
Q
WEBS
A
World Equity Benchmark Shares
Like an ADR but with a portfolio or index rather than individual stocks
3
Q
Unbundling securities
A
Breaking up and allocating cash flows from one security into several new securities
4
Q
MBS
A
Mortgage backed securities
