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Superglossary - Finance Category: Economy and Finance > Finance Date & country: 16/12/2013, USA Words: 5410

Secondary Stocks
Stocks with smaller market capitalization, less quality and more risk than blue chip issues that beh

Section 482
U.S. Department of Treasury regulations governing transfer prices.

Sector
Used to characterize a group of securities that are similar with respect to maturity, type, rating,

Sector Rotation
An active asset management strategy certain sectors, that tactically overweights and underweights de

Secular
Long-term time frame (10-50 years or more).

Secured Bond
A bond backed by the pledge of collateral, a mortgage, or other lien, as opposed to an unsecured bon

Secured Debt
Debt that has first claim on specified assets in the event of default.

Securities Act Of 1933
First law designed to regulate securities markets, requiring registration of securities and disclosu

Securities Acts Amendments Of 1975
Legislation to encourage the establishment of a national market system together with a system for na

Securities Analysts
Related

Securities Exchange Act Of 1934
Legislation that created the SEC, outlawing dishonest practices in the trading of securities.

Securities Loan
The loan of securities between brokers, often to cover a client's short sale; or a loan secured by m

Securities Markets
Organized exchanges plus over-the-counter markets in which securities are traded.

Securitization
Creating a more or less standard investment instrument such as the mortgage pass-through security, b

Security
Piece of paper that proves ownership of stocks, bonds, and other investments.

Security Characteristic Line
A plot on a graph of the excess return on a security over the risk-free rate as a function of the ex

Security Deposit (Initial)
Synonymous with the term margin. A cash amount that must be deposited with the broker for each contr

Security Deposit (Maintenance)
Related

Security Market Line
Line representing the relationship between expected return and market risk or beta. The slope of thi

Security Market Plane
A plane that shows the relationship between expected return and the beta coefficient of more than on

Security Ratings
Commercial rating agencies' assessment of the credit and investment risk of securities.

Security Selection Decision
Choosing the particular stocks or bonds or other investment instruments to include in a portfolio.

Seed Money
The first contribution by a venture capitalist toward the financing of a new business, often using a

Seek A Market
Search for a securities buyer or seller.

Segregation Of Securities
SEC rules to dictate how customers' securities may be used by broker-dealers in broker loans.

Select Ten Portfolio
A unit investment trust that buys and holds for one year the ten stocks in the Dow Jones Industrial

Selected Dealer Agreement
The set of rules governing the selling group in an underwriting.

Self-Amortizing Mortgage
Mortgage whose entire principal is paid off in a specified period of time with regular interest and

Self-Directed IRA
An IRA that the account holder can after appointing a custodian manager to carry out investment inst

Self-Employed Income
Taxable income of a person involved in a sole proprietorship or other sort of free-lance work.

Self-Employment Tax
A tax self-employed people must pay to qualify them to receive Social Security benefits at retiremen

Self-Liquidating Loan
Loan to finance current assets. The sale of the current assets provides the cash to repay the loan.

Self-Regulatory Organization (SRO)
Organizations that enforce fair, ethical, and efficient practices in the securities and commodity fu

Self-Selection
Consequence of a contract that induces only one group to participate.

Self-Supporting Debt
Bonds sold to finance a project that will produce enough revenue through tolls or other charges to r

Sell Hedge
Related

Sell Limit Order
Conditional trading order that indicates that a security may be sold at the designated price or high

Sell Off
Sale of securities under pressure. See

Sell Order
An order that may take many different forms by an investor to a broker to sell a particular stock, b

Sell Out
Liquidation of a margin account after a customer has failed to bring an account to a required level

Sell Plus Order
Market or limit order to sell a stated amount of stock provided that the price to be obtained is not

Sell The Book
Used for listed equity securities. Order to a broker by the holder of a large quantity of shares of

Sell-Side Analyst
A financial analyst who works for a brokerage firm and whose recommendations are passed on to the br

Seller Financing
Funding a purchase by a seller's loan to the buyer, the buyer takes full title to the property when

Sellers Market
Market in which demand exceeds supply. As a result, the seller can dictate the price and the terms o

Sellers Option
Delayed settlement/delivery in a transaction.

Selling Climax
A sudden drop in security prices as sellers dump their holdings.

Selling Concession
The discount underwriters offer the selling group on securities in a new issue.

Selling Dividends
Inducing a prospective customer to buy shares in order to profit from a dividend scheduled in the ne

Selling Group
All banks involved in selling or marketing a new issue of stock or bonds.

Selling On The Good News
A strategy of selling stock shortly after a company announces good news and the stock price rises. I

Selling Short
Selling a stock not actually owned. If an investor thinks the price of a stock is going down, the in

Selling Short Against The Box
Selling short stock that is actually owned by the seller but held in the box, meaning it is held in

Selling The Spread
A spread whose option to be sold is trading at a higher premium than the option to be bought.

Semistrong-Form Efficiency
A form of pricing efficiency that profits the price of a security fully reflects all public informat

Send It In
Market language

Senior Debt
Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receiv

Senior Mortgage Bond
A bond that, in the event of bankruptcy, will be redeemed before any other bonds are repaid.

Senior Refunding
Replacement by the issuer of securities with 5-to 12-year maturities with securities of 15-year or l

Senior Security
A security that, in the event of bankruptcy, will be redeemed before any other securities.

Seniority
The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated d

Sensitive Market
A market that reacts to a great extent to good or bad news.

Sensitivity Analysis
Analysis of the effect on a project's profitability of changes in sales, cost, and so on.

Sentiment Indicators
The general feeling of investors about the state of the market, such as whether they are bullish or

Separate Customer
Method of allocating insurance by the Securities Investor Protection Corporation. Each account that

Separate Tax Returns
Tax returns of married persons who choose to file their returns individually, usually because this a

Separation Property
The property that portfolio choice can be divided into two independent tasks

Separation Theorem
Theory that the value of an investment to an individual is not dependent on consumption preferences.

Serial Covariance
The covariance between a variable and the lagged value of the variable; the same as autocorrelation.

Serial Entrepreneur
Business person that successfully starts (does not kill) a number of different businesses.

Serial Redemption
The redemption of a serial bond.

Series
Options

Series Bond
Bond that may be issued in several series under the same indenture document.

Series E Bond
A local and state tax-free bond issued by the U.S. government from 1941 to 1979, which was then repl

Set Of Contracts Perspective
View of corporation as a set of contracting relationships among individuals who have conflicting obj

Set Up
Applies mainly to convertible securities. Arbitrage involving going long the convertible and short a

Set-Aside
A percentage of a municipal or corporate bond underwriting that is allocated for handling by a minor

Settlement
When payment is made for a trade.

Settlement Date
The date on which payment is made to settle a trade. For stocks traded on U.S. exchanges, settlement

Settlement Options
The various possibilities open to a beneficiary under a life insurance policy as to how the benefit

Settlement Price
A figure determined by the closing range that is used to calculate gains and losses in futures marke

Settlement Rate
The rate suggested in Financial Accounting Standards Board (FASB) 87 for discounting the obligations

Settlement Risk
The risk that one party will deliver and the counterparty will not be able to pay and vice versa.

Severally But Not Jointly
An agreement between members of an underwriting group buy a new issue (severally), but not to assume

Shadow Calendar
A backlog of securities issues registered with the SEC, awaiting the determination of an offer date.

Shadow Stock
First, a public company may create a stock that strips out the market wide movements for the purpose

Shakeout
A dramatic change in market conditions that forces speculators to sell their positions, often at a l

Sham
A business transaction, such as a limited partnership, that is entered into for the sake of avoiding

Share Broker
A discount broker who charges per share traded, and reduces the per unit charge as the number of sha

Share Repurchase
Program by which a corporation buys back its own shares in the open market. It is usually done when

Share Type
Represents the security whose prices and dividends are shown with the fundamental data.

Shared Appreciation Mortgage (SAM)
A mortgage with a low rate of interest, offset by giving the lender some portion of the appreciation

Shareholder
Person or entity that owns shares or equity in a corporation.

Shareholder Equity
Another term for equity.

Shareholders Equity
This is a company's total assets minus total liabilities. A company's net worth is the same thing.

Shareholders Letter
A section of an annual report where one can find general overall discussion by management of success

Shares
Certificates or book entries representing ownership in a corporation or similar entity.

Shares Authorized
The maximum number of shares of stock of a company allowed in the articles of incorporation, which m

Shark Repellant
Often used in risk arbitrage. Examples are golden parachutes, poison pills, safe harbor, and scorche

Shark Watcher
Often used in risk arbitrage. Firm specializing in the early detection of takeover activity. Such a