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A.B.C.
Common
Let's Get Equitable
Yields/Trading
General Debt
100
Y.T.M.
What is Yield to Maturity?
100
Regular way settlement for stock.
What is T+3 (trade date plus three business days)?
100
This is an arbitrary value for common stock, usually set very low, at 10 cents or even $0 per share, for tax purposes.
What is Par Value?
100
A bond priced above par is said to be trading at this.
What is a Premium?
100
Short-term corporate debt sold in denominations of $100,000.
What is Commercial Paper?
200
A.D.R.
What is American Depository Receipt?
200
If a corporation wishes to issue more shares, common stockholders have this right to buy these shares before anyone else.
What is Preemptive Right?
200
This type of equity has no voting rights, but owners receive fixed dividends instead.
What is Preferred Stock?
200
All bonds in the US are now issued in this format.
What is Book Entry?
200
This is how municipal GO bonds are quoted.
What is Yield Basis?
300
F.O.K.
What is Fill Or Kill?
300
Authorized Shares - Outstanding Shares
What is Treasury Stock?
300
This is the number of shares of common stock an investor would receive after converting a $100 par preferred stock with a conversion price of $20.
What is 5 shares of common stock?
300
Annual Income divided by Market Price
What is Current Yield?
300
This tranche offers protection against both extension and prepayment risk.
What is a PAC (Planned Amortization Class)?
400
N.C.M.C., as relating to yields
What is Nominal, Current, Maturity, Call?
400
This entity usually handles the mailing on investment-related mailings.
What is the Transfer Agent?
400
These are usually 3 letters or less on the NYSE and 4 or less for NASDAQ.
What is a Ticker Symbol?
400
The YTM for a 5% coupon corporate bond trading in the secondary market at par.
What is 5%?
400
The term used when an issuer defeases debt to the call date, not to the maturity date.
What is Pre-Refunding?
500
D.E.R.P., as relating to dividends
What is Declaration, Ex-Dividend, Record, Payable?
500
This method allows for shareholders to vote disproportionately to their ownership and considered to be an advantage to the "smaller" investors.
What is Cumulative Voting?
500
In a corporate liquidation, these investors are the last to get paid.
What is a common shareholder?
500
Long-term debt has higher _____ volatility, but short-term debt has higher _____ volatility.
What is Price; Rate?
500
This legal document is required for corporate bonds, but not for municipal bonds (even though they all have them).
What is a trust indenture?