Module 4 Flashcards
1
Q
FAC
A
face amount certificate
2
Q
UIT
A
unit investment trust
3
Q
IPO
A
initial public (primary) offering
4
Q
OTC
A
over the counter (through BD)
5
Q
NAV
A
net asset value (assets - liabilities)
6
Q
GAAP
A
generally accepted accounting principles
7
Q
APO
A
additional public (primary)
offering; subsequent public offering; follow-on offering p132
8
Q
POP
A
public offering price (NAV - SC = POP)
9
Q
CDSC
A
contingent deferred sales charge (back-end load)
10
Q
RR
A
registered representative
11
Q
LOI
A
letter of intent
12
Q
SC
A
sales charge
13
Q
SAI
A
statement of additional information
14
Q
IRC
A
internal revenue code
15
Q
NII
A
net investment income
