what is "exit charge"?
Category: glossary by Marcelo C. From United States
an "exit charge " is Instead of making an initial charge, some unit trust companies (particularly PEP managers) make a charge if units are cashed in, for example, within five years. In the US this is known as a back end load.
please define the "funded status"
Category: glossary by X. Rosario from Southampton, United Kingdom
a "funded status " is The status of pension plan that has accumulated assets that have been set aside for the payment of retirement benefits to employees. Unfunded plans, also called pay-as-you-go arrangements, do not have assets set aside and retirement benefits are usually paid directly from employer contributions. According to an article entitled "Pension Reporting Sparks Debate", which appeared in The Wall Street Journal on July 5, 2006, for nearly 20 years companies have had to include the amount owed to employees based on the projected obligation in the footnotes to the financial statements. However, at the time of writing, FASB has proposed that companies move their pension deficits or surpluses onto the balance sheet, rather than just show them in the footnotes. Moving the "funded" status of pension plans - as well as other retirement benefit obligations like health-care plans - onto the balance sheet could force many companies to recognize a big liability, which could cut their net worths and possibly hinder dividend payments or jeopardize lending agreements.
what is a "stock ahead"?
Category: glossary by Reyna J. From Germany
A situation in which an order is placed, but not executed, because of a previously sent order involving the same price. Depending on the exchange's priority rules, this can also happen when two bids are made at the same time with identical prices; only the larger order will be executed. For example, if two orders - one for 1,000 shares, the other for 500 shares - are placed for XYZ stock at the same price, the order for 1,000 shares would be executed and the order for 500 shares would not be made because there was a "stock ahead".
please define a "back fee"
Category: glossary by B. Weber from Canada
the "back fee " is The premium charged upon the second term or portion of a compound option. In other words, the back fee is the fee paid by the owner of a compound option to the owner of the underlying option when the compound option is exercised.
please define the "bank investment contract"
Category: glossary by K. U. From Ireland
the "bank investment contract " is A security with an interest rate guaranteed by a bank. It provides a specific yield on a portfolio over a specified period. A BIC is a relatively safe investment, but it provides a low rate of return.
please tell me what the "purchase and sale statement" is
Category: glossary by S. Bradford from York, Canada
A statement communicating adjustments or transactions affecting the margin of a futures trader. The purchase and sale statement is given to the customer by a Futures Commission Merchant whenever a position in a contract is offset or closed out. The P&S statement serves as a summary of the most recent account activity, delivering details of transactions and any changes in margin. The P&S statement is similar to a receipt for futures transactions. It includes the price, the number of contracts, commissions charged, and the gross or net profit at the conclusion of the deal. A P&S statement is also used to report the new balance of an account, such as when a customer adds or withdraws funds.
what is "redemption"?
Category: glossary by S. L. From Cork, Ireland
a "redemption " is The repurchase of a security, such as a bond or preferred stock, by the issuing company at maturity, or before if it is cancelled by the company.
Do you know of a fx online trading system that has stylish foreign exchange trading program you can refer me to?
Category: platform by J. Y. From Scarborough, Canada
If you want a forex site that has a progressive interface, you must definitely try "ForexWebTrader". Their graphics are soothing and the platform is really a realistic one. This "ForexWebTrader" has become a great attraction for online traders from all over the world. Also, downloading and installing the system's program is absolutely an a piece of cake. The connection is rapid, you never break off even once in the middle of downloading, and it is no trouble to follow the instructions.
Which foreign exchange platform has got a small minimum deposit, in your opinion
Category: money by I. L. From Riverside, United States
If you look for the nicest foreign exchange platform that has a low min deposit, you should really visit "FX Universal". The minimum deposit starts from the small amount of $250, they charge no commission, the customer support is exceptional, plus the platform graphics are the most technological superior.
please tell me what a "dow jones transportation average" is
Category: glossary by Haylie F. From United States
the "dow jones transportation average " is The Dow Jones Transportation Average is a price-weighted average of 20 transportation stocks traded in the United States. The average was started back in 1884. This index includes airlines, railways, trucking, and delivery companies.