- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A mutual fund that invests in tax-exempt bonds issued by state, city, and/or local governments. The interest obtained from these bonds is passed through to shareholders and is generally free of federal (and sometimes state and local) income taxes.
Industry:Financial services
The market model says that the return on a security depends on the return on the market portfolio and the extent of the security's responsiveness as measured by beta. The return also depends on conditions that are unique to the firm. The market model can be graphed as a line fitted to a plot of asset returns against returns on the market portfolio. This relationship is sometimes called the single-index model.
Industry:Financial services
A certificate used to finance local government projects and services which is financed by a special tax assessment and provides tax-free interest .
Industry:Financial services
In the context of hedge funds, a style of management that has long and short equity exposure with nearly exposure on average to fluctuations in the market. However, the on average qualification is important. The risk of the longs and the shorts could fluctuate through time leading to negative returns when the market falls sharply.
Industry:Financial services
A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free.
Industry:Financial services
Also a market order, but the investor is allowing the floor broker to use his own discretion as to the exact timing of the execution. If the floor broker expects a decline in price and he is holding a "market not held buy order", he (she) may wait to buy, figuring that a better price will soon be available. There is no guarantee that a "market not held order" will be filled.
Industry:Financial services
Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues.
Industry:Financial services
An order to trade stocks, options, or futures as close as possible to the market close. See also MOC.
Industry:Financial services
A bond issued to finance a public project that is funded by the revenues of the project.
Industry:Financial services
