Author: todorm

A type of debt issued by governments and corporations that has no collateral and is dependent on the reputation and creditworthiness of the issuer.

A person or firm who buys and sells securities for their own account, whether through a broker or otherwise.

Buying and selling within the same trading day so all positions are closed before the market closes.

An order to buy or sell an asset at a specific price that expires if it is not executed on the same day it was placed.

The date on which interest begins to accrue on a fixed-income security.

An option contract and also the term for the formation of prices through a call auction.

Accounts Payable represents a company’s obligation to pay off a short-term debt.

Above Par is the price of a bond above face value.

To abandon is to surrender a claim to, or interest in, a particular asset. It’s also used to describe an instance in finance when one party waives its rights to recover the debt owed so that trading can continue, with previously invested funds not affected.