Funds

Funds

Industry: Financial services

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Funds

Principal

Financial services; Funds

The basic amount invested or borrowed, not including any interest or dividends. For bonds: The face or par value of a bond. The principal amount of a trade is the par value of one bond times the ...

Maintenance of net worth

Financial services; Funds

An issuer is required to maintain its net worth above a certain level, or the bonds will be required to begin redeeming at par.

Principal due schedule

Financial services; Funds

The dates on which the fully paid principal is due, also known as the maturity date, for all the bonds in your portfolio.

Maintenance requirement

Financial services; Funds

NYSE regulations and Merrill Lynch require a client to maintain a certain level of equity in his/her margin account to support a margin loan.

Principal risk

Financial services; Funds

The risk that an investment will be worth less at the time it is sold than it was worth when it was bought.

Prior close

Financial services; Funds

The reported closing price for a security as of the close of trading on the previous trading day.

Managed asset short allocations

Financial services; Funds

When managed asset has a negative allocation in one or more of its asset categories, the negative value will be reported in this new category of Managed Asset Short Allocations.