The average of the returns of the stocks in the industry over the designated time frame.

1. The person for whom a securities dealer executes an order.

A bond is in default when the borrower fails to carry out the terms of the agreement. Failure to pay interest or failure to redeem bonds at maturity are examples of default.

The price of one country's currency expressed in another currency.

A situation where one member of a stock exchange acts on behalf of another member to execute orders.

1. The closing down or bankruptcy of a company and paying off debts to the shareholders. Debt payments are in order of priority: preferred shareholders are paid first, ending with common shareholders.

1. The ability to buy or sell securities quickly and easily without substantially affecting the asset's price. Large volume, blue-chip stocks like the banks are highly liquid securities. Shares i [..]

The stocks or shares of a company that are traded on a stock exchange. Companies must pay fees to be listed and adhere to the rules and regulations of the registered securities exchange.

Load denotes either a fund’s maximum initial or deferred sales charge.

Refers to ownership of securities.