It's All Fund and Gains...Until Someone Loses Money
Bond... James Bond
The Price is Right
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100
A standard against which the performance of a security, mutual fund or investment manager can be measured. Generally, broad market and market-segment stock and bond indexes are used for this purpose
What is a benchmark?
100
Measure of the total cost of a fund to the investor
What is Total Expense Ratio? (TER)
100
A debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate.
What is a bond?
100
The current price at which an asset or service can be bought or sold.
What is market price?
100
An order to buy or sell a security that automatically expires if not executed on the day the order was placed. If it is not filled it will be canceled, and will not be filled if the limit or stop order price was not met during the trading session.
What is a day order?
200
A style of management associated with mutual and exchange-traded funds (ETF) where a fund's portfolio mirrors a market index.
What is passive management?
200
A group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same laws and regulations. The three main types are stocks, bonds, and money markets.
What is an asset class?
200
The face value of a bond.
What is par value?
200
A mutual fund's price per share or exchange-traded fund's (ETF) per-share value. In both cases, the per-share dollar amount of the fund is calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding.
What is NAV price?
200
An order that an investor makes through a broker or brokerage service to buy or sell an investment immediately at the best available current price. This type of order is the default option and is likely to be executed because it does not contain restrictions on the buy/sell price or the timeframe in which the order can be executed.
What is a market order?
300
A statistical measure of change in an economy or a securities market. In the case of financial markets, an index is an imaginary portfolio of securities representing a particular market or a portion of it.
What is an index?
300
A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.
What is a dividend?
300
The condition of the price of a bond that is lower than par.
What is a discount?
300
A price that is displayed in the event that the price is delayed. The fund price may be delayed from a primary vendor so this price is retrieved from the secondary source.
What is interim price?
300
An order placed with a brokerage to buy or sell a set number of shares at a specified price or better. This order may not be executed if the price set by the investor cannot be met during the period of time in which the order is left open.
What is a limit order?
400
A stock or any other security representing an ownership interest.
What is equity?
400
The income return on an investment. This refers to the interest or dividends received from a security and is usually expressed annually as a percentage based on the investment's cost, its current market value or its face value.
What is yield?
400
The date on which the principal amount of a note, draft, acceptance bond or other debt instrument becomes due and is repaid to the investor and interest payments stop. It is also the termination or due date on which an installment loan must be paid in full.
What is maturity date?
400
A measure of a funds intraday value, with the prices used in the NAV calculation updated for real-time market movements, and published several times a minute.
What is intraday NAV?
400
A type of time-in-force designation used in securities trading that instructs a brokerage to execute a transaction immediately and completely or not at all. This type of order is most likely to be used by active traders and is usually for a large quantity of stock. The order must be filled in its entirety or canceled (killed).
What is a fill or kill order?
500
A type of investing or budgeting style for which real return rates or periodic income is received at regular intervals at reasonably predictable levels.
What is fixed income?
500
An aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark).
What is a hedge fund?
500
A debt security that doesn't pay interest (a coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full face value.
What is a zero coupon bond?
500
The amount by which the ask price exceeds the bid. This is essentially the difference in price between the highest price that a buyer is willing to pay for an asset and the lowest price for which a seller is willing to sell.
What is bid-ask spread? (Buy-sell spread)
500
An order to buy or sell a security when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit.