A bond that makes no periodic interest payments, but sells at a deep discount from its face value. At the maturity date, the investor will receive the face value of the bond, plus the interest that ha [..]

The percent of a mutual fund's assets used to defray marketing and distribution expenses. The amount of the fee is stated in the fund's prospectus. A true no-load fund has neither a sales ch [..]

The purchase of one company by another, or the attainment of controlling interest through an accumulation of shares.

The amount of income, for an individual or a couple filing a joint tax return, subject to federal income taxes. To determine AGI subtract certain, qualified deductions, such as unreimbursed business e [..]

A mutual fund with the objective of achieving maximization of long-term capital growth, rather than dividend income, by investing in narrow market segments and small company stocks. Aggressive growth [..]

A receipt from a United States bank for shares of stock of a foreign company. ADRs, which are traded in U.S. dollars on U.S. markets, carry the same risks as the underlying foreign share.

Located in downtown Manhattan, AMEX has the third highest volume of trading of any stock exchange in the U.S. The bulk of trading on the AMEX consists of index options and shares of small to medium-si [..]

A professional who studies the performance of corporations and industries, and evaluates securities. Analysts may specialize in a company or an industry, and they generally work for analytic organizat [..]

Yearly record of a publicly-held company's financial condition. It includes a description of the firm's operations, as well as balance sheet, income statement, and cash flow statement inform [..]

A long-term contract sold by life insurance companies that guarantees payments, fixed or variable, to the purchaser in regular intervals through annuitization. During the accumulation phase, fixed ann [..]