Securities Exam Definitions

12 B-1 Fee

30-Day Visible Supply

30-Day Visible Supply

403B Plan

5 Percent Markup Policy

75-5-10 Diversification

Acceptance Waiver and Consent

Account Executive (AE)

Accredited Investment Fiduciary (AIF) Designation

Accredited Investor

Accretion

Accrued Interest

Accumulation Unit

Acid Test Ratio

Ad Valorem Tax

Adjusted Basis

Administrator

ADR

Advance / Decline Line

Advance Refunding

Affiliate

Agency Issue

Agency Transaction

Agent

Aggregate Indebtedness

All or None Order

All or None Underwriting

Allied Member

Alpha

Alternative funds

Alternative Minimum Tax (AMT)

Amortization

Annual Compliance Review

Annuitize

Annuity

Annuity Unit

Associated Person

Assumed Interest Rate (AIR)

At The Opening Order

Back-end Load

Backing Away

Backwardation

Balloon Maturity

Banker’s Acceptance (BA)

Basis Grade

BBB/ Baa

Best Efforts Underwriting

Beta

Beta Hedge

Blind Pool

Blotter

Blue List

Bonafide Quote

Bond Anticipation Note

Bond Counsel

Bond Interest Coverage Ratio

Book Entry

Branch Office

Breakpoint Sale

Breakpoint Schedule

Broad Based Index

Broker’s Broker

Butterfly Spread

Buy In

Buyer’s Option

Call Risk

Capital Risk

Cashiering Department

Certificate in Quantitative Finance

Certified Financial Planner

Chartered Alternative Investment Analyst

chartered financial analyst – CFA

Chicago Board of Trade (CBOT)

Class D share

Closing Cross

Closing Purchase

Code of Arbitration Procedure

Code of Procedure

Collateral Trust Certificate

Collection Ratio

Combination Fund

Combination Privileges

Commercial Paper

Competitive Bid Underwriting

Confirmation

Consolidated Tape

Constant Dollar Plan

Contemporaneous Trader

Contingent Deferred Sales Charge

Contractual Plan

Control Stock

Conversion Price

Conversion Privilege

Cooling Off Period

Corporate Account

Correspondent Broker Dealer

Coterminous

Crossing Stock

Crossover Point

Cum Rights

Cumulative Voting

Current Ratio

CUSIP

Custodian

Customer Ledger

Customer Protection Rule

Daily Bond Buyer

Dated Date

Default Risk

Defeasance

Defensive Industry

Deficiency Letter

Delivery Vs. Payment

Delta

Demand Deposit

Depletion

Derivative

Designated Market Maker/ DMM

Designated Order

Developmental Drilling Program

Developmental Fee

Direct Debt

Direct Participation Program (DPP)

Disintermediation

Disproportionate Sharing

Distribution Stage

Diversified Fund / Diversified Management Company

Dividend Department

Dividend Payout Ratio

Dividend Valuation Model

Do Not Reduce (DNR)

Doctrine of Mutual Reciprocity

Dominated and Controlled Markets

Dont Know (DK)

DPP Roll-UP Transactions

Dry Hole

Early Withdraw Penalty

Eastern Account

ECN / Electronic Communication Network

Efficient Market Theory

Equipment Leasing Limited Partnership

Equipment Trust Certificate

Erroneous Report

ETFs that track alternatively weighted indices

Eurobond

Eurodollar Bonds

Euroyen Bonds

Ex Date / Ex Dividend Date

Ex Rights Date

Ex Warrants

Excess Equity (EE)

Exchange Distribution

Exchange Privilege

Exempt Transaction

Existing Property Program

Exploratory Drilling Program

Face Amount Certificate Company / FAC

Fail to Deliver

Fail to Receive

Federal Intermediate Credit Bank

Fictitious Quote

Fill or Kill

FINRA Rule on Financial Exploitation of Seniors

Firm Commitment Underwriting

Firm Quote

Flow of Funds

Forced Conversion

Form letter

Forward Contracts

Forward Pricing

Forward Rate Agreement

Fourth Market

Free Credit Balance

Freeriding

Freeriding and Withholding

Front End Load

Frozen Account

Full Power of Attorney

Fully Registered Bonds

Functional Allocation

Futures Commission Merchant

General Account

General Obligation Bond

General Securities Principal

Generic Advertising

Good Til Cancel (GTC)

Government Security

Grant Anticipation Note (GAN)

Green Shoe Option

Gross Revenue Pledge

Group Net Order

Halt in trading

Head and Shoulders chart pattern

Hold in Street Name

Holding Period

Horizontal Spread

Hot Issue

HR 10 Plan

Hypothecation

Hypothecation Agreement

Immediate Family

Immediate or Cancel (IOC)

In Part Call

In The Money

Income Bond

Indication of Interest

Industrial Development Bond

Insider Trading and Securities Fraud Enforcement Act of 1988

Institutional Account

Interlocking Directorate

Interpositioning

Interstate Offering

Intrastate Offering

Introducing Broker

Investment Advisers Act of 1940

Investment Company Act of 1940

Investment Grade Security

Investment Objective

Issued Stock

Issuer

Joint Account

Joint tenants in common /JTIC

Joint Tenants with Rights of Survivorship / JTWROS

Know Your Customer Rule

Last in First Out LIFO

LEAPS / Long Term Equity Anticipation Securities

Lease Rental Bonds

Legislative Risk

Letter of Intent

Life Annuity / Straight Life

Life Annuity with Period Certain

Life Contingency

Limit Up Limit Down Ciruit Breaker

Limited Partnership

Limited Partnership Agreement

Limited Power of Attorney/ Limited Trading Authorization

Limited Principal

Limited Representative

Limited Tax Bond

Loan Consent Agreement

Locked Market

LOI

M1

M2

M3

Maloney Act of 1938

Managed Underwriting

Management Company

Mark To The Market

Market Not Held

Marking To The Market

Markup

Markup Policy

Material Information

Member Order

Mini Maxi Underwriting

Minimum Death Benefit

Money Supply

Moral Obligation Bond

Municipal Note

Mutual Fund Custodian

NASD Bylaws: Now FINRA bylaws

National Securities Clearing Corporation/ NSCC

NAV Net Asset Value

Net Capital

Net Debt Per Capita

Net Debt to Assessed Valuation

Net Direct Debt

Net Interest Cost (NIC)

Net Revenue Pledge

Net Total Debt

New Housing Authority

Nominal Owner

Nominal Quote

Non traded REITS

Non-Diversified Management Company

Non-Fixed UIT

Nonqualified Retirement Plan

Nonsystematic Risk

NOOP

Not Held Order (NH)

Numbered Account

Odd Lot

Odd Lot Differential

Odd Lot theory

Offering Circular

Offering of Securities by FINRA Members

Office of Supervisory Jurisdiction (OSJ)

Official Notice of Sale

Official Statement

Oil and Gas Direct Participation Program

Omnibus Account

Open End Covenant

open trade equity

Opening Cross

Operational Red Flag

Order Book Official (OBO)

Order Memorandum / Order Ticket

Over Ridding Royalty Interest

Overlapping Debt

Par

Parity

Partial Call

Pass Through Certificate

Payment Date

Piggybacking a Quote

Placement Ratio

POP / Public Offering Price

Power of Substitution

Preemptive Right

Preferred Stock Ratio

Preliminary Prospectus / Red Herring

Price Spread

Primary Earnings Per Share

Principal Transaction

Proxy

Proxy Department

Prudent Man Rule

Qualified Legal Opinion

Rate Covenant

Raw Land Program

Reallowance

Reasonable Basis Suitability

Red Herring

Redeemable Security

Redemption

Registered as to Principal Only

Registered Options Principal (ROP)

Registered Principal

Registration Statement

Regular Way Settlement

Regulation A

Regulation D

Regulation T

Rehypothecation

Reorganization Department

Repurchase Agreement (REPO)

Reserve Maintenance Fund

Restricted Account

Retention Requirement

Return on Equity

Revenue bond

Reversionary Working interest

Rights Agent

Riskless Simultaneous Transaction

Round Lot

Rule 144

Rule 145

Rule 147

Rule 405

Sales literature

Satellite Office

Schedule 13D

Self-Regulatory Organization / SRO

Sellers Option

Selling Away

Selling Concession

Selling Dividends

Separate Account

Separate Trading of Registered Interest and Principal Securities / STRIPS

Serial Bonds

Series 11 Exam

Series 14 Exam

Series 17 Exam

Series 22 Exam

Series 23 Exam

Series 28 Exam

Series 31 Exam

Series 32 Exam

Series 37 Exam

Series 38 Exam

Series 39 Exam

Series 42 Exam

Series 51 Exam

Series 53 Exam

Series 55 Exam

Series 56 Exam

Series 62 Exam

Series 87 Exam

Share Identification

Shelf Offering

Short Against The Box

Short Straddle

Simplified Arbitration

Single Account

Single Stock Futures

Sinking Fund

Special Assessment Bond

Special Tax Bond

Split Offering

Spread

Spread Load Plan

Stabilizing

Standby Underwriting

Statutory Disqualification

Statutory Voting

Stock Ahead

Stock or Bond Power

Stock Split

Stopping Stock

Stripper Well

Structured Retail Products

Subordinated Debenture

Subscription Agreement

Subscription Right

Suitability

Super Designated Order Turn Around System (SUPER DOT)

Super Display Book

Supply and demand elasticity

Surplus Fund

Syndicate

Tax Anticipation Note (TAN)

Tax Equivalent Yield

Tax Preference Item

Tenants in common

Tender Offer

Term Maturity

Testimonial

The Crush Spread

THE FIRM QUOTE COMPLIANCE SYSTEM

The North American Securities Administrators’ Association

The Securities Information Center

Third Market

Third Party Account

Threshold Securities

Tombstone

Top Heavy Rule

Trade Confirmation

Trade Date

Tranche

Transfer and Hold in Safe Keeping

Transfer and Ship

Treasury Receipt

Trough

True Interest Cost (TIC)

Trust Indenture Act of 1939

Two Dollar Broker

Unconfirmed Trade

Uncovered

Underlying Security

Underwriting

Uniform Delivery Ticket

Uniform Gift to Minors Act / UGMA

Uniform Practice Code

Uniform Transfer to Minors Act / UTMA

Unit of Beneficial Interest

Unit Refund Annuity

Unqualified Legal Opinion

Variable Death Benefit

Variable Life Insurance

Vesting

Visible Supply

Voting Right

Warrant

Western Account

What is a Binary option?

When Issued Security

Wildcatting

Wire Room

Workable Indication

Workout Quote

Writing The Scale

Yellow Sheets

Yield

Yield Based Option

Zero Minus Tick