- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Free checkwriting privileges offered with nonretirement accounts for select mutual funds.
Industry:Financial services
The movement of the price of a futures contract toward the price of the underlying cash commodity. At the start, the contract price is higher because of time value. But as the contract nears expiration, and time value decreases, the futures price and the cash price converge.
Industry:Financial services
In the context of securities, refers to the exchange of a convertible security such as a bond into stock. In the context of mutual funds, refers to the free exchange of mutual fund shares from one fund to another in a single family.
Industry:Financial services
A formal document used to record a fact and used as proof of the fact, such as stock certificates, that evidence ownership of stock in a corporation.
Industry:Financial services
Rules set by the Chicago Board of Trade for determining the invoice price of each acceptable deliverable Treasury issue against the Treasury Bond futures contract.
Industry:Financial services
Municipal bonds with one certificate which is valid for the entire issue, and having no individual certificates, easing transactions. See: Book-entry securities.
Industry:Financial services
Specification of the right to transform a particular investment to another form of investment, such as switching between mutual funds or converting preferred stock or bonds to common stock.
Industry:Financial services
A bank guaranteed cheque for which funds are immediately withdrawn, and for which the bank is legally liable.
Industry:Financial services
Highest-ranking member of a Board of Directors, who presides over its meetings and who is often the most powerful officer of a corporation.
Industry:Financial services
Applies mainly to convertible securities. Common stock price at which a convertible bond can become exchangeable for common shares of equal value; value of a convertible bond based solely on the market value of the underlying equity. Par value + conversion ratio. See bond value, investment value, parity.
Industry:Financial services
