Glossary 4 Flashcards

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1
Q

Backing Away

A

Illegal practice in which a dealer fails to honor a firm price quote.

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2
Q

Balance of payments

A

Difference between the amount of money that a country spends overseas and the amount it receives from overseas. The balance of payment is often divided into the current account and the capital account.

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3
Q

Balance Sheet

A

Portion of a financial statement detailing the company’s assets, liabilities, and stockholder’s equity.

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4
Q

Bank Qualified Issues

A

Municipal bonds with a feature attractive to banks: 80% of the interest that a bank pays on deposits that have been used to buy qualified bonds is tax deductible.

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5
Q

Banker’s Acceptance

A

Post-dated check sent by a domestic importer to a foreign exporter, when the check has been accepted or “guaranteed” by a bank. Exporters also initiate banker’s acceptances to transact their international business.

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6
Q

Bar Chart

A

Graph that exhibits the changing price of a security or group of securities over a certain period. Daily high and low prices are connected by a vertical bar, whereas opening and closing prices are often indicated by horizontal marks.

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7
Q

Basis point

A

One one-hundreth of a percent (0.01%); the smallest unit of measure for bond yields.

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8
Q

Bear Spread

A

A spread designed to bet that the price of the underlying stock will remain the same or fall. Short call spreads and long put spreads are bearish.

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9
Q

Beneficial Owner

A

Individual who owns the assets in an account, and who receives the profits or losses from trading in the account.

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10
Q

Beta

A

A number that indicates the price volatility of a stock or group of stocks compared to that of the market as a whole. The price of a stock with a beta of 1 is exactly as volatile as the market. The price of the stock with a beta of 2 is twice as volatile as the market.

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11
Q

Bid price or Bid

A

Highest price a potential buyer is willing to pay for a stock

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12
Q

Bid quote

A

Price at which a market maker is willing to buy stock

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13
Q

Bid wanted (BW)

A

Dealer’s request for a potential stock purchaser to suggest a price.

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14
Q

Big Board

A

Popular Term for NYSE

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