Understanding Products And Their Risks 4 Flashcards
1
Q
Income after all taxes are deducted
A
After tax dollars
2
Q
Not subject to an obligation
A
Exempt
3
Q
The ease with which an asset can be converted into cash quickly
A
Liquidity
4
Q
A federal and state funded program for those whose income and resources are insufficient to meet the cost of necessary medical care
A
Medicaid
5
Q
A group of underwriters that is formed to distribute an issue of securities to the public
A
Syndicate
6
Q
The original record that documents a buy or sell transaction
A
Trade ticket
7
Q
A measure of risk related to a security’s price stability (movement in the market)
A
Volatility
