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a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit risk or default risk
The risk of loss caused by a counter- party’s or debtor’s failure to make a promised payment.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit scoring model
A statistical model used to classify borrowers according to creditworthiness.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit spread option
An option on the yield spread on a bond.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit swap
A type of swap transaction used as a credit derivative in which one party makes periodic payments to the other and receives the promise of a payoff if a third party defaults.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit VAR, Default VAR, or Credit at Risk
A variation of VAR that reflects credit risk.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit-linked notes
Fixed-income securities in which the holder of the security has the right to withhold payment of the full amount due at maturity if a credit event occurs.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Credit-worthiness
The perceived ability of the borrower to pay what is owed on the borrowing in a timely manner; it represents the ability of a company to withstand adverse impacts on its cash flows.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cross elasticity of demand
The responsiveness of the demand for a good to a change in the price of a substitute or complement, other things remaining the same. It is calculated as the percentage change in the quantity demanded of the good divided by the percentage change in the price of the substitute or complement.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Crossing networks
Trading systems that match buyers and sellers who are willing to trade at prices obtained from other markets.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cross-product netting
Netting the market values of all contracts, not just derivatives, between parties.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cross-sectional analysis
Analysis that involves comparisons across individuals in a group over a given time period or at a given point in time.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cross-sectional data
Observations over individual units at a point in time, as opposed to time-series data.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Crowding-out effect
The tendency for a government budget deficit to decrease investment.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cumulative distribution function
A function giving the probability that a random variable is less than or equal to a specified value.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cumulative preference shares
Preference shares for which any dividends that are not paid accrue and must be paid in full before dividends on common shares can be paid.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cumulative relative frequency
For data grouped into intervals, the fraction of total observations that are less than the value of the upper limit of a stated interval.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cumulative voting
Voting that allows shareholders to direct their total voting rights to specific candidates, as opposed to having to allocate their voting rights evenly among all candidates.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Currency
The notes and coins held by individuals and businesses.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Currency drain ratio
The ratio of currency to deposits.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Currency forward
A forward contract in which the underlying is a foreign currency.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Currency option
An option that allows the holder to buy (if a call) or sell (if a put) an underlying currency at a fixed exercise rate, expressed as an exchange rate.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Currency swap
A swap in which each party makes interest payments to the other in different currencies.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Current assets, or liquid assets
Assets that are expected to be consumed or converted into cash in the near future, typically one year or less.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Current cost
With reference to assets, the amount of cash or cash equivalents that would have to be paid to buy the same or an equivalent asset today; with reference to liabilities, the undiscounted amount of cash or cash equivalents that would be required to settle the obligation today.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Current credit risk
The risk associated with the possibility that a payment currently due will not be made.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Current exchange rate
For accounting purposes, the spot exchange rate on the balance sheet date.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Current liabilities
Short-term obligations, such as accounts payable, wages payable, or accrued liabilities, that are expected to be settled in the near future, typically one year or less.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Current rate method
Approach to translating foreign currency financial statements for consolidation in which all assets and liabilities are translated at the current exchange rate. The current rate method is the prevalent method of translation.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Current ratio
A liquidity ratio calculated as current assets divided by current liabilities.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Current taxes payable
Tax expenses that have been recognized and recorded on a company’s income statement but which have not yet been paid.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cyclical company
A company whose profits are strongly correlated with the strength of the overall economy.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cyclical stock
The shares (stock) of a company whose earnings have above-average sensitivity to the business cycle.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cyclical surplus or deficit
The actual surplus or deficit minus the structural surplus or deficit.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
a80eba5d_t_02__C__Flashcards___Cram_com__ver_a_specific_period_of_time_
[Call] Cyclical unemployment
The fluctuating unemployment over the business cycle.
[]
CFA Level I - 2011 - Glossary Part 02 (C) Flashcards - Cram.com
An option that gives the holder the right to buy an underlying asset from another party at a fixed price over a specific period of time.
http://www.cram.com/flashcards/cfa-level-i-2011-glossary-part-02-c-1689096
42/1438042989018.40_20150728002309-00341-ip-10-236-191-2_387422488_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Net worth [2]
Assets-liabilities=networth
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] OTC Market [2]
Over-The-Counter, made up of computer terminals around the US allowing trades to be made.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Debt Security [2]
usually acquired by buying a company's bonds.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Debt investment [2]
a loan to a company in exchange for interest income and the promise to repay the loan at a future maturity date. It does not confer ownership
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] stock [2]
primary means of raising capital. A company issues stock, each represents an owners right to a share of the company.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Common Stock [2]
Authorized issued outstanding treasury
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Authorized stock [2]
the amount of stock authorized to issue or sell.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] outstanding stock [2]
the amount of shares a company has issued but has not repurchased. That is investor owned.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Treasury Stock [2]
stock that has been repurchased from the public. Corporation can hold stock indefinitely or can reissue or retire it.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] book value [2]
the amount a stockholder would expect to receive if the company was liquidated.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] market price [2]
the price someone would have to pay to purchase stock from a company.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] voting rights [2]
common stockholders may vote on certain matters related to the corporation in which he holds stock. The amount of stock held determines how much voting power he has.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Statutory Voting [2]
Allows a stockholder to cast one vote per share owned for each item on a ballot, such as candidates for the BOD. A board candidate needs simple majority to be elected.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Cumulative Voting [2]
Allows stockholders to allocate their total votes in any manner they choose.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] proxy [2]
a form of absentee ballot. Allows stockholders to vote even if they can't attend a board meeting.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Proxy Solicitation [2]
When a company sends proxies to shareholders, usually for a specific meeting.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] SEC [2]
Securities and Exchange Commission.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Preemptive rights [2]
The right to maintain the same percentage of stock owned in a corporation if they decide to issue more stock.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Stock splits [2]
When a corporation wants to raise or lower the stock price per share and adjust the price so that stockholders ownership percentage stays the same.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Forward splits [2]
increases the number of shares and and reduce the price.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Reverse split [2]
decreases number of shares and increases price per share.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] short sale [2]
Selling shares before owning them with the intent of buying them back at a lower price in the future.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] capital appreciation [2]
an invrease in the market price of shares
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] cash dividends [2]
a corporation may pay regular dividends to stockholders. Depending on whether the company is profitable the dividends may increase or may stop being paid.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Stock Dividends [2]
Issuers may also pay stock dividends instead of cash.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] prefered stock [2]
has features of equity and debt securities. Preferred stock is an equity security because it represents ownershipo in the corporation. Like a bond it also offers a fixed-income with a fixed-dividend. Receives dividends before common stockholders, also if company goes bankrupt they have priority over common stock.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Fixed Dividend [2]
A key attraction for income-oriented investors.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Cumulative preferred [2]
dividends that are missed cumulate until the company may resume dividend payments plus the ones that were missed to cumulative preferred.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] participating preferred [2]
in addition to fixed dividends, participating preferred stock offers its owners a share of corporate profits that remain after all dividends and interest due other securities are paid.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] callable preferred [2]
allows the corporation to buy back from investors at a stated price after a specified date. This allows company's to replace higher fixed dividends with a lower one.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Street Name [2]
If shares are held in street name this means that the shares are held in the brokerage account in the firms name to facilitate payments and delivery.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Current Yield [2]
Current Yield or dividend yield is the annual dividend(normally four times a year) divided by the current market value of the stock.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] stock certificate [2]
indicates the shares of a corporation a person owns. The amount of shares listed on the certificate are most likely divisable by 100.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] CUSIP numbers [2]
A Committee on Uniform Securities Identification Procedures- A universal security identification number. each issue of stock has one.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Transfer Agent [2]
Responsible for 1. Ensuring that its securities are issued in the correct owner's name. 2. canceling old and issuing new certificates 3. maintaining records of ownership. 4. handling problems relating to lost, stolen, or destroyed certificates.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Registrar [2]
Ensures that a corporation does not have more shares outstanding than have been authorized. Also responsible for certifying that a bond represents a legal debt of the issuer. Must be independent of the issuing corporation and is usually a bank or a trust company.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Ex Date [2]
two days before the record date. The ex date is the cut off for someone to qualify someone to receive the dividend.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Declaration Date [2]
10 days before the record date, when a corporation declares a divident payment.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Record date [2]
On the record date all stockholders on record receive a dividend.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] Payable date [2]
3-4 weeks after the record date a disbursing agent sends dividends via check.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] subscription rights [2]
a certificate that represents a short-term privilage to buy additional shares of a corporation.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] warrant [2]
certificate granting its owner the right to purchase securities from the issuer at a specific price. Usually a long term instrument, giving the investor the choice of buying at a later date.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] ADR's [2]
American Depositary Receipts facilite the trading of foreign stocks in US markets. ADR's have currency risk
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
c578412e_curities_Flashcards___Cram_com__2
[1] REIT [2]
Real Estate Investment Trusts are company's that manage a portfolio of real estate investments in order to earn profits for shareholders. Traded publicly and serve as a source of long-term financing for real estate projects.
[]
Ch. 1 Series 7 Equity Securities Flashcards - Cram.com
2
http://www.cram.com/flashcards/ch-1-series-7-equity-securities-534883
42/1438042989018.40_20150728002309-00138-ip-10-236-191-2_379803255_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] the study of the production, transmission, and reception of speech sounds [1]
phonetics
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] a study of the sounds in any language [1]
phonology
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] the regionally neutral, prestige accent of British English [1]
Received pronunciation
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] the study of linguistic meaning [1]
semantics
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] a set of words which form a grammatically complete statement, usually containing a subject, verb, and object [1]
sentence
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] a figure of speech in which one thing is compared to another, using 'like' or 'as' [1]
simile
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] a dialect representing English speech and writing comprehensible to most users [1]
Standard English
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] the arrangement of parts or ideas in a piece of writing [1]
structure
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] an object which represents something other than itself [1]
symbol
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] a word that means (almost) the same as another [1]
synonym
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] the arrangement of words to show relationshiops of meaning within a sentence [1]
syntax
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] the form taken by a verb to indicate time (as in past-present-future) [1]
tense
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] any piece of writing or object being studied [1]
text
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] an author's or speaker's attitude, as revealed in 'quality of voice' or 'selection of language' [1]
tone
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] a term expressing action or state of being [1]
verb
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] the particular selection of types of words chosen in speech or writing [1]
vocabulary
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
012b5b58_Eng_Lang_Flashcards___Cram_com__1
[2] the open sounds made in speech a, e, i, o and u [1]
vowel
[]
Britton Eng Lang Flashcards - Cram.com
1
http://www.cram.com/flashcards/britton-eng-lang-2967361
42/1438042988310.3_20150728002308-00197-ip-10-236-191-2_389984756_0.json
f42569a3_Hormones_Flashcards___Cram_com__de_Symporter__Iodide_Trapping_
Thyroglobulin and Chemistry of Thyroxine and Triiodothyronine Formation Formation and Secretion of Thyroglobulin by the Thyroid Cells
Oxidation of the Iodide Ion
[]
76 Thyroid Metabolic Hormones Flashcards - Cram.com
Iodide Pump-the Sodium-Iodide Symporter (Iodide Trapping)
http://www.cram.com/flashcards/76-thyroid-metabolic-hormones-1962672
42/1438042989018.40_20150728002309-00147-ip-10-236-191-2_379356704_0.json
f42569a3_Hormones_Flashcards___Cram_com__de_Symporter__Iodide_Trapping_
Iodination of Tyrosine and Formation of the Thyroid Hormones-"Organification" of Thyroglobulin
Storage of Thyroglobulin
[]
76 Thyroid Metabolic Hormones Flashcards - Cram.com
Iodide Pump-the Sodium-Iodide Symporter (Iodide Trapping)
http://www.cram.com/flashcards/76-thyroid-metabolic-hormones-1962672
42/1438042989018.40_20150728002309-00147-ip-10-236-191-2_379356704_0.json
f42569a3_Hormones_Flashcards___Cram_com__de_Symporter__Iodide_Trapping_
Release of Thyroxine and Triiodothyronine from the Thyroid Gland
Daily Rate of Secretion of Thyroxine and Triiodothyronine
[]
76 Thyroid Metabolic Hormones Flashcards - Cram.com
Iodide Pump-the Sodium-Iodide Symporter (Iodide Trapping)
http://www.cram.com/flashcards/76-thyroid-metabolic-hormones-1962672
42/1438042989018.40_20150728002309-00147-ip-10-236-191-2_379356704_0.json
f42569a3_Hormones_Flashcards___Cram_com__de_Symporter__Iodide_Trapping_
Transport of Thyroxine and Triiodothyronine to Tissues Thyroxine and Triiodothyronine Are Bound to Plasma Proteins
Thyroxine and Triiodothyronine Are Released Slowly to Tissue Cells
[]
76 Thyroid Metabolic Hormones Flashcards - Cram.com
Iodide Pump-the Sodium-Iodide Symporter (Iodide Trapping)
http://www.cram.com/flashcards/76-thyroid-metabolic-hormones-1962672
42/1438042989018.40_20150728002309-00147-ip-10-236-191-2_379356704_0.json
f42569a3_Hormones_Flashcards___Cram_com__de_Symporter__Iodide_Trapping_
Thyroid Hormones Have Slow Onset and Long Duration of Action
Thyroid Hormones Activate Nuclear Receptors
[]
76 Thyroid Metabolic Hormones Flashcards - Cram.com
Iodide Pump-the Sodium-Iodide Symporter (Iodide Trapping)
http://www.cram.com/flashcards/76-thyroid-metabolic-hormones-1962672
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