9 Terms
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Securities brokerage
Industry: Financial services
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Securities brokerage
GTC
Financial services; Securities brokerage
Good 'Til Cancelled. An order placed with a broker to buy or sell stock once it reaches a certain price, or until the investor decides to cancel the order.
Commission
Financial services; Securities brokerage
The fee charged by a stockbroker for advice or arranging the purchase or sale of a security.
Churning
Financial services; Securities brokerage
When a stockbroker excessively trades using a client's account to increase his commission.
CRD
Financial services; Securities brokerage
Central Registration Depository. A disciplinary and employment database, which can be used to do pre-checks on a broker before employing their services.
Cash account
Financial services; Securities brokerage
The normal account an individual will hold with a stockbroker, where cash will be deposited to be invested in stocks etc.
IRA
Financial services; Securities brokerage
Individual Retirement Account. An account with a stockbroker to earn funds for retirement savings.
Margin account
Financial services; Securities brokerage
A form of account with a stockbroker whereby the broker lends the account holder money to invest in securities.
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