Q Bank FlashCards
To profit from temporary price differences between markets or securities
Arbitrage
Characteristic of gifts into an UGMA or UTMA account
Irrevocable
Short Put Option
Obligated to Buy
Dollar Bond
A Bond Quoted at a Price
T-Note Quote of 99.16
995
Securities trades based on predicted price movements
Market timing
BD may base a markup on its cost of this stock
Inactively traded stock
Equipment trust certificates
Debt Instrument Used to Acquire Rolling Stock
Six-Year Records
Blotters General Ledger Stock Record Customer Ledgers Customer Account Records Principal designations
Quantity purchase discounts for mutual fund offers
Breakpoints
Executed outside AP employment
Private securities transaction
Convert investment for equal investment in new fund in the family at NAV
Exchange privilege
Exchange privilege is the opportunity given to mutual fund shareholders to exchange their investment in a fund for another fund within the same fund family.
Investors who take advantage of exchange privilege within a fund family are able to rotate their investment strategy based on market conditions and generally take advantage of the various funds offered by the mutual fund company.
Certain exchange fees or capital gains taxes may apply, though the former is usually very minimal.
Working capital
Current Assets - Current Liabilities
Primary Market
Market where new securities are issued
Stating that a fund is recommended by the U.S government, the FDIC, or a bank
An unlawful representation
How can you hedge a portfolio without writing anything against the portfolio?
Buy puts on a broad-based index.
Not FDIC insured, not a bank deposit, subject to market risk
Securities purchased on the premises of a networking bank
A written message from a customer stating a grievance with a securities trade
Customer complaint
The number of days to obtain customer option agreement
Within 15 days of account approval
Payments in kind by institutional investors to BDs for research.
Soft dollars
Investment by borrowing a portion of the purchase price
Leverage
What is a moving average?
the average price over a specified period of time
Modern portfolio theory (MPT) Goal
Negative coorolation
It suggests that a conservative investor can do better by choosing a mix of low-risk and riskier investments than by going entirely with low-risk choices.
Annuities with surrender charges lasting longer than other annuities
Bonus annuities
SEC or State action if registration statement is incomplete
Stop order
Maximum loss on a short call
Unlimited
Short Call Option
Obligated to Sell
Fundamental Analysis
Analysis that concentrates on economic trends, measured by the quantity
Prepaid tuition and education savings plans
529 plans
Does the delivery date of the OCC Disclosure Document need to be on the New Account Form?
Yes
Red Herring
Preliminary prospectus
Lowest investment-grade bond rating
A support line in a chart occurs when
traders feel the commodity or security is undervalued