account at a bank or brokerage firm in which there are many transactions an active banking account May generate more fees for each check written or ATM transaction completed an active brokerage account will generate more commission Revenue for the brokerage firm then an inactive account Banks usually impose minimum charges for maintaining a checking and savings many brokerage firms Levy a fee if an account does not generate high enough level of activity if there is no activity in an account for 5 years or more an account may be subject to escheat procedures in which the counts assets revert to the state
Adjusted Balance Method
formula for calculating finance charges based on account balance remaining…
Keep readingAdjustable-Rate Preferred Stock( ARPS)
preferred stock whose dividend it said of being fixed is…
Keep readingAdjustable Rate Mortgage (ARM)
mortgage agreement between a financial institution in a real estate…
Keep readingAgreement Among Underwriters
contract between participating members of an investment banking Syndicate sometimes…
Keep readingAggressive Growth Mutual Fund
mutual fund holding stocks of rapidly growing companies while these…
Keep readingAgency Securities
securities issued by US Government sponsored entities( gse’s) end federally…
Keep readingAfter-tax Real Rate of Return
amount of money adjusted for inflation that an investor can…
Keep readingAfter Hours Dealing or Trading
trading of stocks and bonds after regular trading hours on…
Keep readingAfter Acquired Clause
clause in a mortgage agreement providing that any additional mortgage…
Keep readingAffordability Index
standard established by the National Association of Realtors( Nar) to…
Keep readingAffirmative Obligations
financial industry regulatory Authority( finra) requirement that market-makers quote firm…
Keep readingAdvisory Account
brokerage account in which Brokers discretion in making investment decisions…
Keep readingAdverse Selection
tendency of people with significant potential to file claims wanting…
Keep readingAdvance Refunding
government securities exchange of return government securities prior to their…
Keep readingAdvanced detection systems ( ADS)
financial industry regulatory Authority (finra) automated surveillance system used to…
Keep readingAdjusted Or Modified Book Value
book value adjusted for market value on the balance sheet
Keep readingAdministrator
court-appointed individual or bank charged with carrying out the Court’s…
Keep readingAdjusted Gross Income( AGI)
income on which an individual or couple computes federal income…
Keep readingAdjustable Life Insurance
life insurance that gives a policyholder power to change the…
Keep readingAdditional Voluntary Contributions
contributions made by an employee into a tax-deferred savings account…
Keep readingActive Management
Investment Management where the portfolio manager actively makes investment decisions…
Keep readingActive Box
collateral available for securing Brokers loans or customers margin positions…
Keep readingAces Pass-Through
run by the financial industry regulatory Authority (finra) Aces passes…
Keep readingAccumulated Dividend
dividend due, usually to Holders a cumulative preferred stock but…
Keep readingAccumulated Benefit Obligation (abo)
estimated liability of a pension plan assuming immediate termination differs…
Keep readingAccounts Receivable Turnover
ratio obtained by dividing total credit sales by accounts receivable…
Keep readingAccounts Receivable Financing
short-term financing whereby accounts receivable serve as collateral for working…
Keep readingAccountant’s Opinion
statement signed by an independent public accountant describing the scope…
Keep readingAccommodative Monetary Policy
Federal Reserve policy to increase the amount of money available…
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