- Industry: Financial services
- Number of terms: 10107
- Number of blossaries: 0
- Company Profile:
Modified Endowment Contract. A life insurance contract which fails the internal revenue code's "7-Pay test." Any distributions form a MEC are taxed as if the contract was an annuity.
Industry:Financial services
Related to Fixed Income: The price at which a bond can be redeemed before maturity.
Industry:Financial services
For a security:
The opening price of a security at the beginning of a trading day.
For a portfolio
The total value of all portfolio holdings, as of the opening of the first trading day of a given period.
Industry:Financial services
The aggregate value of all CMA, CBA, Retirement Reserves or other money funds, or Insured Savings Account (ISA account), Retirement Assets Savings Program or other bank deposit accounts held by you.
Industry:Financial services
Related to FTS Request: Represents the specific secondary account number within an FTS relationship. At the time of enrollment, a reference number is assigned to each newly enrolled secondary account.
Industry:Financial services
The number of outstanding option contracts in the exchange market or in a particular class or series.
Industry:Financial services
The CMA®, CBA, Retirement Reserves or other Money Funds, or the Insured Savings Account (ISA account), Retirement Assets Savings Program or other bank deposit programs, as applicable. Money Account balances are not necessarily available funds needed for check/Visa/ATM withdrawal. Please check "Available Funds" for cash available.
Industry:Financial services
Represents the date on which an issuer refinances an outstanding issue by issuing new bonds.
Industry:Financial services
Any unexecuted order to buy or sell securities that has not been canceled.
Industry:Financial services
Cash equivalent with near or immediate liquidity and low volatility and risk. The most common fund is a money market fund which typically seeks to maintain a net asset value of $1.
Industry:Financial services
