Funds

Funds

Industry: Financial services

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Funds

Bond equivalent yield

Financial services; Funds

The amount of yield an investor must earn from a taxable bond in order to get the same amount of money he or she would earn on a tax-free bond.

Ask time

Financial services; Funds

The time of day that corresponds with the posting of an ask price for a security.

Bond form

Financial services; Funds

Bearer: Bonds issued with coupons attached to be mailed to the issuer for each interest payment. Securities are no longer issued in this format, but instead are issued as registered bonds or book ...

Bond premium

Financial services; Funds

The difference between a bond's market price and its par value.

Book entry

Financial services; Funds

In lieu of receiving the Registered Bond Certificate, securities are frequently available in Book Entry Form. The certificate is held by a central securities depository, and the investor receives ...

Divisor

Financial services; Funds

The multiplier used to calculate the effect of the changes in the securities in the Dow 30 on the Dow Jones Industrial Average.

Balanced target maturity funds

Funds that invest to provide a guaranteed return of investment at maturity (targeted periods). Some of the assets are invested in zero-coupon U.S. Treasury securities, while the remainder is invested ...