AP Financial

Contractual Claim
An amount that by legal agreement must be paid periodically to the buyer of a security; contractual claim may also specify the time at which the principal must be repaid and other details.

AP Financial Finance

Bull market
Any market in which prices are in an upward trend.

APFinancial growth rate

AP Financial INC: Nominal annual rate
An effective rate per period multiplied by the number of periods in a year. Same as annual percentage rate.
APFinancial Asociates
APFinancial Seminars & Workshops
APFinancial investment companies

Annual percentage yield (APY)
The effective, or true annual rate of return. The APY is the rate actually earned or paid in one year, taking into account the effect of compounding. The APY is calculated by taking one plus the periodic rate, raising it to the number of periods in a year and then subtracting one. For example, a 1% per month rate has an APY of 12.68% (1.01^12 -1).

APFinancial mutual funds
APFinancial Interests: Term
The period of time during which a contract is in force.

AP Financial higher rate of return

Plan participants
Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan.

APFinancial Work places

Junior debt (subordinate debt)
Debt whose holders have a claim on the firm'sassets only after senior debtholder's claims have been satisfied. Subordinated debt.

AP Financial Credits

Capitalization table
A table showing the capitalization of a firm, which typically includes the amount of capital obtained from each source - long-termdebt and common equity - and the respective capitalization ratios.

APFinancial Contact

AP Financial Profesional work: Autoregressive Conditional Heteroskedasticity (ARCH)
A nonlinear stochastic process, where the variance is time-varying, and a function of the past variance. ARCH processes have frequency distributions which have high peaks at the mean and fat-tails, much like fractal distributions. The ARCH model was invented by Robert Engle. The Generalized ARCH (GARCH) model is the most widely used and was pioneered by Tim Bollerslev. See: Fractal Distributions.
AP Financial Business
About AP Financial
APFinancial traditional bank instruments

Cash budget
A forecasted summary of a firm's expected cash inflows and cash outflows as well as its expected cash and loan balances.

APFinancial Representatives
APFinancial Interests: Extra or special dividends
A one-time or special dividend that is paid in addition to a firm's established or expected quarterlydividend.

AP Financial choose investments

Quoted price
The price at which the last trade of a particular security or commodity took place.

APFinancial Investment

Eurodollar
Refers to a certificate of deposit in U.S. dollars in a bank that is not located in the U.S. Most of the Eurodollar deposits are in London banks, but Eurodeposits may be anywhere other than the U.S. Similarly, a Euroyen or EuroDM deposit represents a CD in yen or DM outside Japan and Germany, respectively.

APFinancial a wide variety of investment

Minus tick
See: downtick .

AP Financial high interest

AP Financial high interest: Liquidity diversification
Investing in a variety of maturities to reduce the price risk to which holding long bonds exposes the investor.
APFinancial investment products
AP Financial tax advantages
AP Financial nationwide leader

Redemption price
See: Call price

APFinancial
APFinancial Interests: Optional payment bond
A bond whose principal and/or interest may be paid in foreign or domestic currency at the discretion of the bondholder.

APFinancial Careers

Depression
Period when excess aggregate supply overwhelms aggregate demand, resulting in falling prices, unemployment problems, and economic contraction.

APFinancial Job Offers

Central bank intervention
The buying or selling of currency, foreign or domestic, by central banks in order to influence market conditions or exchange rate movements.

AP Financial Coproration

Put guarantee letter
A bank's letter certifying that the person writing a put option has sufficient funds in an account to cover the exercise price if required.

AP Financial Profesional work

APFinancial Contact: Euro
Originally, the term for a deposit made outside one's home country but denominated in the home country currency. This terminology is confusing now since the new European Currency unit, also called the Euro, was introduced on January 1, 1999.
AP Financial Capital
APFinancial Comprehensive Proposals
AP Financial Market Summary

Interim dividend
The declaration and payment of a dividend prior to annual earnings determination.

AP Financial Account Access
APFinancial Interests: Top-heavy
At a price level where supply is exceeding demand. See: Resistance level.

APFinancial Insurance

Changes in financial position
Sources and uses of funds provided from operations that alter a company'scash flowposition: depreciation, deferred taxes, other sources, and capital expenditures.

APFinancial Personal

Documents against payment
Shipping documents that are released to the buyer once the buyer has paid for the draft.

APFinancial Net

Announcement date
Date on which particular news concerning a given company is announced to the public. Used in event studies, which researchers use to evaluate the economic impact of events of interest.

AP Financial INC

APFinancial growth rate: Deductive reasoning
Using known facts to draw a conclusion about a specific situation.
APFinancial Investments
APFinancial Interests
AP Financial services industry

MUD
A municipal utility district, which is a political subdivision that administers utility-related services, sometimes requiring the issue of special assessment bonds.

APFinancial investment companies
APFinancial Interests: Nominal exercise price
The exercise price of a GNMAoptioncontract, which equals the unpaid principal balance multiplied by the adjusted exercise price.

APFinancial Seminars & Workshops

Local taxes
Property, sewer, school, or other community paid to a locality. Local taxes are usually deductible for federal income tax purposes.

APFinancial

Accreting Swap)
An interest rate swap in which the notional principal amount increases over time, for example as with a construction loan provided in tranches as each stage of the project is completed.

AP Financial higher rate of return

Preferred dividend coverage
Net income after interest and taxes (before common stockdividends) divided by preferred stock dividends.

APFinancial Careers

: Guaranteed replacement cost coverage insurance
A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation.
APFinancial Investments
AP Financial tax advantages
APFinancial Contact

Direct Claim
A financial claim issued by a deficitunit to acquire funds for investment in real assets.

APFinancial Net
APFinancial Interests: Donor
One who gives property or assets to someone else through the vehicle of a trust.

APFinancial Comprehensive Proposals

Concentration Banks
A small number of large banks a firm contracts with to periodically collect the firm's deposit balances from a group of smaller banks.

AP Financial Business

BAR
See: Builders' All Risk

APFinancial traditional bank instruments

Unbiased expectations hypothesis
Theory that forward exchange rates are unbiased predictors of future spot rates. See Forward parity.

APFinancial mutual funds

: Treasury direct
A system allowing an individual investor to make a noncompetitive bid on US Treasurysecurities and thus avoid broker-dealer fees.
AP Financial Credits
APFinancial Representatives
APFinancial Asociates

Box spread
This strategy refers to a type of optionarbitrage in which both a bull spread and a bear spread are implemented for an almost-risklessposition. One spread is implemented using put options and the other is implemented with calls. The spreads may both be debit spreads (call bull spread vs. put bear spread) or both credit spreads (call bear spread vs. put bull spread).



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