A bond that is secured by a blanket mortgage on the company's property but may be outranked by one or more other mortgages.
High-grade bond issued by a company that has demonstrated its ability to earn a comfortable profit over a period of years and pay its bondholders their interest without interruption.
A term with many different meanings. For one, a member of the exchange on the floor may act for a second member by executing an order for him or her with a third member. The first member tells the third member that he or she is acting on behalf of the second member and "gives up" the second member's name rather than his or her own.
The setting of the price of gold by dealers (especially in a twice-daily London meeting at the central bank); the fix is the fundamental worldwide price for setting prices of gold bullion and gold-related contracts and products.
Certain basic qualifications must be met before a security sold on the Exchange may be delivered. The security must be in proper form to comply with the contract of sale and to transfer title to the purchaser.
Good 'til canceled (GTC) or open order
An order to buy or sell that remains in effect until it is either executed or canceled.
Obligations of the U.S. Government, regarded as the highest grade securities issues.
The value of a Sub-Fund's long and short positions when added together, often expressed as a percentage of the Net Asset Value. See Net Exposure.
In the context of Sub-Funds invested in a growth style biased portfolio, Sub-Funds that primarily invest in equity securities whose fundamentals (i.e. sales, earnings, assets) are expected to grow at an above-average rate relative to the market.
Stock of a company with a record of growth in earnings at a relatively rapid rate.