a certificate that represents a loan from the institutions
What is bond
100
The difference between the bid and the offer
What is spread
100
Dept: keeping the firm's journals and ledgers, preparing periodic trial balances
What is Accounting Department
200
financial market for the initial issue and placement of securities
What is primary market
200
most 'junior' security that a company offers
What is Common stock
200
safest most liquid investment vehicle in the world, maturity is either 3 months,6 or 12
What is Treasury bills
200
A place where buyers and sellers of listed securities come together to transact business
What is Stock Exchange
200
The date on which the company's board of directors announces that the company will pay a dividend
What is Declaration Date
300
ability to turn investment into cash or vice versa
What is liquidity
300
type of bond where investors can convert them to fixed number of common stocks anytime
What is convertible bonds
300
T-notes and T-bonds differ only with regard to their __________
What is initial maturity
300
Type of Order: an order to buy or sell a specified number of shares of a security immediately at the best available price
What is market order
300
Dept: acts as a 'go-between' for the firm's salespeople and its traders, keeps a copy of the order in its file
What is Order department
400
a brokerage firm that serves as an intermediary between potential investors, and the companies and governments seeking to raise capital
What is investment banker
400
stock that the corporation can retire at its option
What is Callable preferred stock
400
the most important factor in determining the market value of a bond
What is Fluctuations in market interest rates
400
process where you borrow shares of stock from someone who owns them and sell them in the open market for the current price
What is short sale
400
Current regular way settlement of Trades
What is T3 or 3 business days
500
Type of underwriting where the investment bank does not buy the securities from the issuing firm, but acts only as a sales agent
What is 'best efforts' underwriting
500
The market value of a warrant is composed of two components
What are Intrinsic Value and the Premium
500
A bond that is sold at a discount to par and makes no periodic interest payments
What is Zero Coupon Bonds
500
issues which are not listed either on Nasdaq nor on an exchange are called ______ securities
What is 'over-the-counter' securities
500
Dept: distributes corporate publications (including financial reports), notices of meetings, and voting information to the beneficial owners who have their securities in street name