Equities & Bonds
What is T+2
This mutual fund class has no commission or sales charge
What is a no load fund
The name for income from salary or wages
What is earned income
An account owned by 2 or more individuals
What is a joint account
An individual or individuals you would like to have inherit your assets upon your passing
What is a beneficiary
The first day in which a stock trades without its dividend
What is the ex-dividend date
A type of mutual fund with a limited number of shares
What is closed-end
Reports contributions into the retirement account
What is 5498
An account opened for the benefit of a minor
What is a custodial account
Name used to refer to someone who receives duplicate account statements
What is an interested party
An abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market
What is a ticker symbol
A security that consists of underlying assets and mirrors and index or industry
What is ETF
The minimum amount that must be withdrawn from an IRA each year once the client has reached the age of 70 1/2
What is required minimum distribution (RMD)
An account opened to manage the assets of a deceased person
What is an estate account
Someone the firm may contact with concerns of financial exploitation
What is a trusted contact person (TCP)
Another name for the face value of a bond
What is par value
Mutual fund ticker symbols end with what letter?
What is X
Reports distributions out of the retirement account
What is 1099R
An account opened for the benefit of a protected person pursuant to a court order
What is a guardian account
An individual or entity that is appointed by the account holder the power to act on the Principal’s behalf
What is power of attorney (POA)
The higher the bond interest rate the higher the ___
What is risk
Commonly referred to as front-end load
What is class A shares
The nickname used to reference the IRS
What is Uncle Sam
An account opened with a legal arrangement made by a last will and testament or trust agreement
What is a Trust
Authorization that does not permit incoming/outgoing money movements
What is limited trading authority