do you know what "net asset value" is?
Category: glossary by R. Acevedo from United States
A mutual fund's price per share or exchange-traded fund's (ETF) per-share value. In both cases, the per-share dollar amount of the fund is derived by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding. In terms of corporate valuations, the value of assets less liabilities equals net asset value (NAV), or "book value". In the context of mutual funds, NAV per share is computed once a day based on the closing market prices of the securities in the fund's portfolio. All mutual fund
please define "gMD"
Category: glossary by M. J. From United Kingdom
a "gMD " is In currencies, this is the abbreviation for the Gambian Dalasi. The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
Which fx trading system has the highest level of mobile-friendly technology, to your advice?
Category: platform by M. Mayer from Ireland
If you're interested in a site with mobile access, you should really try "AVA FX". Their graphics are clean and the environment is a really progressive one - this mobile accessible platform is growing to be one of the most modern and inviting programs available online.
please define the "normal-course issuer bid"
Category: glossary by Lindsay S. From Ireland
"normal-course issuer bid " is The action of a company buying back its own outstanding shares from the markets so it can cancel them. The amount the company may repurchase is subject to regulatory approval. Instead of holding shares, which fluctuate day to day in the market, a company will cancel the shares to add to its core value.
please tell me what the "black monday" is
Category: glossary by S. Y. From Cork, Ireland
a "black monday " is The title given to one of the most notorious days in recent financial history. On October 19, 1987, the Dow Jones Industrial Average (DJIA) lost almost 22% in a single day. That event marked the beginning of a global stock market decline. By the end of the month, most of the major exchanges had dropped more than 20%. Interestingly enough, the cause of the massive drop cannot be attributed to any single news event because no major news event was released on the weekend preceding the crash. While there are many theories that attempt to explain why the crash happened, no consensus argument can explain why Black Monday happened, but most agree that mass panic caused the crash to escalate. Since Black Monday, there have been multiple mechanisms built into the market to prevent panic selling, such as trading curbs and circuit breakers.
do you know what the "nPR" is?
Category: glossary by Cesar L. From Lausanne, Switzerland
In currencies, this is the abbreviation for the Nepal Rupee. The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
please define "crummey power"
Category: glossary by Steve S. From Klagenfurt, Austria
A technique that enables a person to receive a gift that is not eligible for a gift-tax exclusion, and change it into one that is eligible. Crummey power is often applied to contributions in an irrevocable trust; often in respect to life insurance. In order for the Crummey power to work, the gift must be stipulated as being part of the trust when it is drafted and the gift cannot exceed $12,000 annually per beneficiary of the trust (among other requirements). This is how Crummey power works: When a donor makes a contribution to the irrevocable trust, the beneficiaries must be notified that the funds can be withdrawn within a certain time period (no less than 30 days). When the beneficiary does not withdraw the funds, they go back to the trust and are then subject to the annual gift tax exclusion. The donor will usually inform the beneficiary of his or her intentions to use the Crummey power, so that the beneficiary declines to withdraw the gift when given the opportunity. Crummey power is named after Clifford Crummey who wanted to build a trust fund for his sons, and be able to reap the yearly tax exemption benefits as well.
please define "backspread"
Category: glossary by Tess Q. From Canada
the "backspread " is A type of options spread in which a trader holds more long positions than short positions. The premium collected from the sale of the short option is used to help finance the purchase of the long options. This type of spread enables the trader to have significant exposure to expected moves in the underlying asset while limiting the amount of loss in the event prices do not move in the direction the trader had hoped for. This spread can be created using either all call options or all put options. An example of a backspread using call options would be selling one $45 call option for $5 and purchasing two $50 call options for $2.10 each. The trader in this case would benefit from a large move past $50 because he/she is holding more long options than short.
please define "domicile"
Category: glossary by O. H. From Germany
the "domicile " is The country in which a person lives. Important for tax purposes to establish your domicile in the right place!
Do you know of any fx web trading site that's known for its modest leverage rates that you can refer me to
Category: money by Leticia W. From Aurora, United States
We think "FX club" is exactly the place for that - if you like the less risky approach, the highest leverage in this site is of 100:1, the service is great, the platform graphics are really hi-tech, they don't charge any commission in this site, and also the start amount to deposit is only $10.