Glossary

Designated areas on the exchange trading floor where buy and sell transactions for securities are conducted through Open Outcry.

The difference between a security’s high and low price for a defined time period.

The protocol that governs how securities are re-assigned to new owners.

An individual or organization that prepares, maintains and reports on shareholder accounts.

A debt instrument issued by the United States Department of Treasury, where principal and interest is guaranteed by the Federal government. They are tax exempt at local and state government levels, but taxable at Federal level.

A debt instrument issued by the United States Department of Treasury with a maturity of 1 year or less.

A debt instrument issued by the United States Department of Treasury with a maturity of ten to thirty years.

A debt instrument issued by the United States Department of Treasury that distributes interest payments semi-annually and matures in two to ten years.

A line drawn on a price bar chart at pivot highs or lows that provides a visual representation of the general direction of the trend.

A price chart bar pattern consisting of three equal lows followed by a price move upwards.