AP Financial

Bullion coins
Metal coins consisting of gold, silver, platinum, or palladium that are activelytraded. Some examples include the American eagle and the Canadian maple leaf. Their price is directly connected to the underlying price of their metal.

APFinancial mutual funds

Account executive
The brokerage firm employee who handles stockorders for clients. See: Broker.

AP Financial high interest

AP Financial Capital: Theta
The ratio of the change in an option price to the decrease in time to expiration. Also called time decay.
APFinancial Comprehensive Proposals
About AP Financial
APFinancial growth rate

Piggyback registration
When a securitiesunderwriter allows existing holdings of shares in a corporation to be sold in combination with an offering of new public shares.

AP Financial Finance
APFinancial investment products: Currency risk
Related: Exchange rate risk

APFinancial Job Offers

Indirect quote
For foreign exchange, the number of units of a foreign currency needed to buy one US dollar.

APFinancial Insurance

Menu
Used in the context of general equities. Hierarchy of choices concerning price and volume of bids or offers proposed to a customer (e.g. Menu of offerings to a customer buyer - a) 10m @ 24 1/4; b) 25m @ 24 1/2; or c) 50m @ 24 3/4).

APFinancial

Covered call
A shortcall optionposition in which the writer owns the number of shares of the underlying stock represented by the option contracts. Covered calls generally limit the risk the writer takes because the stock does not have to be bought at the market price, if the holder of that option decides to exercise it.

APFinancial Work places

APFinancial investment companies: Replacement Chain
A concept that views a capital investment as an indefinite commitment to a specific type of technology. The replacement chain concept can be used to allow the comparison of mutually exclusive investments with unequal lives.
APFinancial Seminars & Workshops
AP Financial Profesional work
AP Financial Business

Common code
A nine-digit identification code issued jointly by CEDEL and Euroclear. As of January 1991 common codes replaced the earlier separate CEDEL and Euroclear codes.

APFinancial traditional bank instruments
APFinancial investment products: Current production rate
The highest interest rate permissible on current Government National Mortgage Association,mortgage-backed securities.

APFinancial Careers

Other income
Income from activities that are not undertaken in the ordinary course of a firm's business.

AP Financial Credits

SPDRs
SPDRs (Spiders) are designed to track the value of the Standard & Poor's 500 Composite Price Index. Stands for Standard & Poor's Depositary Receipt. They trade on the American Stock Exchange under the symbol SPY. SPDRs are similar to closed-end funds but are formally known as, a unit investment trust. One SPDR unit is valued at approximately one-tenth (1/10) of the value of the S&P 500. Dividends are disbursed quarterly, and are based on the accumulatedstock dividends held in trust, less any expenses of the trust. See: Mid-cap SPDR.

AP Financial nationwide leader

Limited partner
A partner who has limited legal liability for the obligations of the partnership.

AP Financial Coproration

AP Financial Coproration: Margin of safety
With respect to working capital management, the difference between (1) the amount of long-term financing and (2) the sum of fixed assets and the permanent component of current assets.
APFinancial a wide variety of investment
APFinancial Interests
AP Financial choose investments

Cents per share
The amount of a mutual fund'sdividend or capital gains distributions that a shareholder will receive for each share owned.

APFinancial Personal
APFinancial investment products: Short-term solvency ratios
Ratios used to judge the adequacy of liquid assets for meeting short-term obligations as they come due, including (1) the current ratio, (2) the acid test ratio, (3) the inventory turnover ratio, and (4) the accounts receivable turnover ratio.

AP Financial higher rate of return

Special arbitrage account
A margin account with lower cash requirements, reserved for transactions that are hedged by an offsettingposition in futures or options.

AP Financial Account Access

Discount yield
The yield or annual interest rate on a security sold to an investor at a discount. A bond that is sold at $4875 that matures to $5000 has a discount of $125. To calculate the discount yield: (discount divided by the face value of the security) multiplied by the (number of days in the year divided by the number of days to maturity).

AP Financial INC

Concession
The per-share or per- bondcompensation of a selling group for participating in a corporate underwriting.

APFinancial investment companies

APFinancial Work places: Synthetic convertible
Combination of usable bonds and warrants (that expire on or after the bonds' maturity) that resembles convertible bond.
APFinancial Net
APFinancial Asociates
APFinancial Representatives

Rule lOb-5
An SEC rule that prohibits trading by insiders on material nonpublic information. This is also the rule under which a company may be sued for false or misleading disclosure.

APFinancial Investments
APFinancial investment products: Financial Accounting Standards Board (FASB)
Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP).

AP Financial Market Summary

Projected maturity date
With CMOs, the date at the end of the estimated cash flow window where final payment is made.

AP Financial tax advantages

Evergreen credit
Revolving credit without maturity.

AP Financial services industry

Real GDP
Inflation-adjusted measure of Gross Domestic Product.

AP Financial Capital

AP Financial high interest: Linear programming
Technique for finding the maximum value of some equation, subject to stated linear constraints.
APFinancial Contact
APFinancial investment products
APFinancial Investment

Automatic withdrawal
A mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or monthly basis.

AP Financial Finance
APFinancial Investments: Uncovered Put writing
A short put option position in which the writer does not have a corresponding short position in the underlying security or has not deposited, in a cash account,

APFinancial Contact

Net asset value (NAV)
The value of a fund's investments. For a mutual fund, the net asset value per share usually represents the fund's market price, subject to a possible sales or redemption charge. For a closed-end fund, the market price may vary significantly from the net asset value.

APFinancial investment companies

Undervalued security
A security selling below its market value or liquidation value.

APFinancial Net

Payables
Related: Accounts payable

AP Financial

: Buying climax
A rapid rise in the price of a stock resulting from heavy buying, which usually creates the market condition for a rapid fall in the price.
APFinancial Job Offers
APFinancial Investment
AP Financial services industry

Matched sale transaction
Applies mainly to convertible securities. Procedure whereby the Federal Reserve Bank of New York sells government securities to a nonbank dealer against payment in federal funds. The agreement requires the dealer to sell the securities back by a specified date, which ranges from 1 to 15 days. The Fed pays the dealer a rate of interest equal to the discount rate. These transactions, also called reverse repurchase agreements, decrease the money supply for temporary periods by reducing dealers' bank balances and thus excess reserves.

APFinancial growth rate
APFinancial Investments: First notice day
The first day, varying by contracts and exchanges, on which notices of intent to deliver actual financialinstruments or physical commodities against futures are authorized.

AP Financial Account Access

Payment date
The date on which shareholders of record will be sent a check for the declareddividend.

AP Financial Coproration

Sale
An agreement between a buyer and a seller on the price to be paid for a security, followed by delivery.

APFinancial Representatives

Confirmation
The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a trade is executed. It spells out settlement date, terms, commission, etc.

AP Financial choose investments

: Vega
A term that describes the sensitivity of the option price to a one-percent change in volatility.
APFinancial Careers
AP Financial Market Summary
APFinancial a wide variety of investment

Economic growth rate
The annual percentage rate of change in the Gross National Product.



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