Glossary

The fee assessed for the purchase or redemption of shares in a mutual fund.

A stock which carries a fixed interest rate.

A chart where price scale is skewed so that a specific distance represents a fixed change in price. Commonly used to express exponential changes in the magnitude of numbers (prices).

Describes an active position in a security where the investor’s sentiment is that the price will go up, resulting in profit.

A bond that reaches maturity in excess of ten years.

The lowest closing price for a security over a specific period of time.

A field fo economics specializing in the study of aggregate economies rather the behaviors of individuals or markets. Focuses on factors such as unemployment, rate of growth, inflation and national income. 

The amount of money lended by a bank or brokerage to a customer for the purchase of securities.

A broker or bank’s demand that a client deposit additional funding or securities to cover potential losses.

Process by which owned securities are evaluated daily based on their market value and not acquisition price.