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When a trading order is marked AON, the broker who is handling the order must either fill the whole order or not fill it at all.
For example, if you want to buy 1,500 shares at $20 a share and only 1,000 are available at that price, your order won't be filled. However, the order will remain active until you cancel it, and so may be filled at some point in the future.
- Browse Related Terms: All or none order (AON), confirmation, day order, Fill or kill (FOK), Good 'til canceled (GTC), open order, Stop order
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A stock's alpha is an analyst's estimate of its potential price increase based on the rate at which the company's earnings are growing and other aspects of the company's current performance.
For example, if a stock has an alpha of 1.15, that means the analyst expects a 15% price increase in a year when stock prices in general are flat
One investment strategy is to look for stocks whose alphas are high, which means the stocks are undervalued and have the potential to provide a strong return. A stock's alpha is different from its beta, which estimates its price volatility in relation to the market as a whole.
- Browse Related Terms: Alpha, Book value, Dividend yield, Earnings estimate, Earnings momentum, Earnings surprise, Forward price-to-earnings ratio, Multiple, Outstanding shares, Price-to-book ratio, Price-to-earnings ratio (P/E), Price-to-sales ratio, Quarter, risk ratio, Special situation, Undervaluation, valuation, Value stock, Whisper number, Zacks Investment Research
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A classification of mortgages in which the risk profile falls between prime and subprime. Alt-A mortgages are generally considered higher risk than prime due to factors that may include higher loan-to-value and debt-to-income ratios or limited documentation of the borrower’s income.
- Browse Related Terms: "Bait-and-switch" schemes, Alt-A Mortgages, Balloon Payment, cash-out refinancing, Collections, Delinquency, Home improvement scams, Loan flip, Loan modification, Mortgage Modification, Prepayment penalty, Prime, Prime Mortgages, Refinance, Subprime, Subprime Mortgages
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Any change involving a deletion or rewriting in the date, amount, or payee of a check or other negotiable instrument.
- Browse Related Terms: Alteration, Draft, Escrow agent, Financial instrument, Forgery, Negotiable, Power of attorney, Return Item, Uniform Commercial Code (UCC)
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The official selected by the agency head to act in the capacity of the Designated Agency Ethics Official in the event of his/her absence. In FDM, an ADAEO and any Deputy DAEOs are authorized to certify financial disclosure reports for the agency.
- Browse Related Terms: Alternate Designated Agency Ethics Official (ADAEO), Designated Agency Ethics Official (DAEO), Ethics Counselor (EC) or Ethics Official, OGE 450 Filer, Reporting Individual, Reviewing Official, Schedule C Employee, SF 278 Filer, Special Government Employee (SGE)
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The alternative minimum tax (AMT) was designed to ensure that all taxpayers pay at least the minimum federal income tax for their income level, no matter how many deductions or credits they claim.
The AMT is actually an extra tax, calculated separately and added to the amount the taxpayer owes in regular income tax. Some items that are usually tax exempt become taxable and special tax rates apply. For example, income on certain tax-free bonds is taxable.
Increasing numbers of taxpayers trigger the AMT if they deduct high state and local taxes or mortgage interest expenses, exercise a large number of stock options, or have significant tax-exempt interest.
- Browse Related Terms: adjusted gross income (AGI), Alternative minimum tax (AMT), Deduction, Earned Income Credit (EIC), Exemption, Head of household, Modified adjusted gross income (MAGI), Real property tax, Tax credit
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A financial disclosure report that has been changed and eSigned by the filer after the filer has submitted the report. Any financial disclosure report that is Under Review can be amended by the filer. Amending a report voids any eSignatures that were on the report when the filer amended it.
- Browse Related Terms: Amended, Amended Date, Amendment in Progress, Complete, End Review, Filing Date, Review Chain, Review Date, Reviewer, Self Registration, Signature Date, Submitted, Submitted Date, Under Review, Wrap up
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Date that a filer eSigned again, changes made to a report that was previously submitted.
- Browse Related Terms: Amended, Amended Date, Amendment in Progress, Complete, End Review, Filing Date, Review Chain, Review Date, Reviewer, Self Registration, Signature Date, Submitted, Submitted Date, Under Review, Wrap up
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A financial disclosure report that is Under Review and currently being changed by the filer. Amending a report voids any eSignatures that were on the report when the filer started the amendment. The filer must eSign again the financial disclosure report before a reviewer can eSign it.
- Browse Related Terms: Amended, Amended Date, Amendment in Progress, Complete, End Review, Filing Date, Review Chain, Review Date, Reviewer, Self Registration, Signature Date, Submitted, Submitted Date, Under Review, Wrap up
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The goal of this independent, nonprofit organization is teaching individual investors how to manage their assets effectively.
Headquartered in Chicago, the AAII offers publications, seminars, educational programs, software and videos, and other services and products to its members. The AAII website (www.aaii.org) also provides a wide range of information about investing and personal finance.
- Browse Related Terms: American Association of Individual Investors (AAII), Excepted Investment Fund (EIF), Investment Club, Lipper, Inc, Morningstar, Inc., Separate account, Separate account fund, Subaccount, Underlying Assets, Value Line, Inc., Widely Diversified
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Shares of hundreds of major overseas-based companies, including names such as British Petroleum, Sony, and Toyota, are traded as ADRs on US stock markets in US dollars.
ADRs are actually receipts issued by US banks that hold actual shares of the companies' stocks. They let you diversify into international markets without having to purchase shares on overseas exchanges or through mutual funds.
- Browse Related Terms: American depositary receipt (ADR), Annuity unit, Block trade, Capital appreciation, Exchange-traded fund (ETF), expense ratio, Institutional fund, Mark to the market, Net asset value (NAV), Offshore fund, Open-end mutual fund, Proprietary fund, share, Standard & Poor's Depositary Receipt (SPDR), Underlying investment, Unit investment trust (UIT), Unit trust
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When a company based overseas wants to sell its shares in the US markets, it can offer them through a US bank, which is known as the depositary.
The depositary bank holds the issuing company's shares, known as American depositary shares (ADSs), and offers them to investors as certificates known as American depositary receipts (ADRs). Each ADR represents a specific number of ADSs.
ADRs are quoted in US dollars and trade on US markets just like ordinary shares. While hundreds are listed on the major exchanges, the majority are traded over the counter, usually because they're too small to meet exchange listing requirements.
- Browse Related Terms: After-hours market, American depositary share (ADS), Bellwether, Composite trading, DIAMONDs, Electronic Data Gathering, Analysis, and Retrieval System (EDGAR), Listed security, Listing requirement, Nikkei Stock Average, Options Clearing Corporation (OCC), OTC Bulletin Board (OTCBB), Regional exchange, Restricted security, Unlisted security
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Enacted in 2009, this Act authorized a series of measures intended to create jobs and promote investment and consumer spending.
- Browse Related Terms: American Recovery and Reinvestment Act of 2009, Conservatorship, Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), Emergency Economic Stabilization Act (EESA), Garn-St. Germain Depository Institutions Act, Housing and Economic Recovery Act (HERA), Inspector General Act, Inspector General Reform Act, Interest Rate Risk
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The AMEX is the second-largest floor-based stock exchange in the US after the New York Stock Exchange (NYSE).
It operates an auction market in stocks (including overseas stocks), exchange traded funds, and derivatives, including options on many NYSE-traded and over-the-counter (OTC) stocks.
- Browse Related Terms: American Stock Exchange (AMEX), Auction market, Big Board, Dow Jones Wilshire 5000 Index, Exchange, Futures exchange, Market, Market price, New York Stock Exchange (NYSE), Opening, Over-the-counter (OTC), Primary market, Specialist's display book, Ticker (tape), Ticker symbol, Trading symbol
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A listed option that you can exercise at any point between the day you purchase it and its expiration date is called an American style option. All equity options are American style, no matter where the exchange on which they trade is located.
In contrast, you can exercise European style options only on the last trading day before the expiration date, not before. Index options listed on various US exchanges may be either American- or European-style options.
- Browse Related Terms: American-style option, Base Price, Dealer Sticker Price, European style option, Expiration cycle, Expiration date, Last trading day, Long-term equity anticipation securities (LEAPS), Options class, Options series, Quadruple witching day
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The process of reducing debt through regular installment payments of principal and interest that will result in the payoff of a loan at its maturity.
Amortization is the gradual repayment of a debt over a period of time, such as monthly payments on a mortgage loan or credit card balance.
To amortize a loan, your payments must be large enough to pay not only the interest that has accrued but also to reduce the principal you owe. The word amortize itself tells the story, since it means "to bring to death."
- Browse Related Terms: amortization, Asset-backed bond, Credit card account agreement, Date of maturity, Debt-to-income ratio (DTI), Deferred payment, Delinquency, Honorarium, Late Charge, Maturity Date, Payment Due Date, Prepayment, Self-amortizing loan
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the process of paying off a debt by making regular installment payments over a set period of time, at the end of which the loan balance is zero.
Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This DefinitionThe process of fully paying off indebtedness by installments of principal and earned interest over a specific amount of time.
- Browse Related Terms: Adjustable-Rate Mortgage (ARM), amortization, balloon mortgage, Convertible ARM, Debarment, Fixed-Rate Mortgage (FRM), Interest-only mortgage, Lock-In, Lock-in agreement, Mortgage life insurance, Negative amortization, Payment Cap, Right of rescission, Self-Amortizing Loans, Swap, term, Weighted Average Life (WAL)
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Money that taxpayers must pay to the government when the total tax is greater than their total tax payments
- Browse Related Terms: amount due, deficit, Direct Deposit, inflation, interest, interest income, nonrefundable credit, Refund, refundable credit, tax liability (or total tax bill), taxes, withholding ("pay-as-you-earn" taxation)
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A financial analyst tracks the performance of companies and industries, evaluates their potential value as investments, and makes recommendations on specific securities.
When the most highly respected analysts express a strong opinion about a stock, there is often an immediate impact on that stock's price as investors rush to follow the advice.
Some analysts work for financial institutions, such as mutual fund companies, brokerage firms, and banks. Others work for analytical services, such as Value Line, Inc., Morningstar, Inc., Standard & Poor's, or Moody's Investors Service, or as independent evaluators.
Analysts' commentaries also appear regularly in the financial press, and on radio, television, and the Internet.
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For FDM purposes, you are an annual filer if last year you filed an OGE Form 450 (or an OGE Form 450-A).
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Also known as financial statements. These are the reports a mutual fund company sends to its unit holders which describe the fund's performance over the past year or six-month period and that identifies the securities held by the fund.
- Browse Related Terms: annual and semi-annual reports, Back-end load, expense ratio, front-end load, load, management company, management expense ratio, Mutual Fund, net asset value, net asset value per share, no-load fund, open-ended fund, Redemption, Sales charge, total return