Floor brokers trade for their own accounting
Various ways of measuring the trend of securities prices, one of the most popular of which is the Dow Jones Industrial Average of 30 industrial stocks listed on the New York Stock Exchange. The prices of the 30 stocks are totaled and then divided by a divisor that is intended to compensate for past stock splits and stock dividends, and that is changed from time to time. As a floor brokers trade for their own accounting, point changes in the average have only the vaguest relationship to dollar-price changes in stocks included in the average.
Often called the accountant's opinion, it is the statement of the accounting firm's floor brokers trade for their own accounting and its opinion of the corporation's financial statements, especially if they conform to the normal and generally accepted practices of accountancy. The system of trading securities through brokers or agents on an exchange such as the New York Stock Exchange.
Buyers compete with other buyers while sellers compete with other sellers for the most advantageous price. Floor brokers trade for their own accounting a corporation owns or that is due to it: A technique employed to take advantage of differences in price.
Arbitrage may also involve the purchase of rights to subscribe to a security, or the purchase of a convertible security - and the sale at or about the same time of the security obtainable through exercise of the rights or of the security floor brokers trade for their own accounting through conversion.
The formal financial statement issued yearly by a corporation. The annual report shows assets, liabilities, revenues, expenses and earnings - how the company stood at the close of the business year, how it fared profit-wise during the year, as well as other information of interest to shareowners.
Accounting for expenses or floor brokers trade for their own accounting as applicable rather than as paid. Includes such practices as depreciation, depletion, write-off of intangibles, prepaid expenses and deferred charges. The acquiring of control of one corporation by another.
In "unfriendly" takeover attempts, the potential buying company may offer a price well above current market values, new securities and other inducements to stockholders. The management of the subject company might ask for a better price or try to join up with a third company.
The interest due on a bond since the last interest payment was made. The buyer of the bond pays the market price plus accrued interest. A certificate of deposit issued by the Bank of Jamaica is debt instrument issued, often for an unlimited amount, with various tenors offering investors a stated rate of interest paid at fixed intervals e.
A bond is evidence of a debt on which the issuing company usually promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date.
In every case a bond represents debt - its holder is a creditor of the corporation and not a part owner, as is the shareholder. Collateral, Convertible, Debenture, General mortgage bond, Income bond. Money borrowed by brokers from banks or other brokers for a variety of uses.
It may be used by specialists to help finance inventories of stock they deal in; by brokerage firms to finance the underwriting of new issues of corporate and municipal securities; to help finance a firm's own investments; and to help finance the purchase of securities for customers who prefer to use the broker's credit when they buy securities. An agent who handles the public's orders to buy and sell securities, commodities or other property.
A commission is charged for this service. Book value of a stock is determined from a company's records, by adding all assets then deducting all debts and other liabilities, plus the liquidation price of any preferred issues. The sum arrived at is divided by the number of common shares outstanding floor brokers trade for their own accounting the result is book value per common share.
Book value of the assets of a company or a security may have little relationship to market value. A company known nationally for the quality and wide acceptance of its products or services, and for its ability to make money and pay dividends. Often referred to as a quotation or quote.
The bid is the highest price anyone wants to pay for a security at a given time, the asked is the lowest price anyone will take at the same floor brokers trade for their own accounting.
A bond that does not have the owner's name registered on the books of the issuer. Interest and principal, when due, are payable to the holder. Coupon bond, Registered bond. For example, the difference between A condensed floor brokers trade for their own accounting statement showing the nature and amount of a company's assets, liabilities and capital on a given date.
In dollar amounts, the balance sheet shows what the company owned, what it owed and the ownership interest in the company of its stockholders. Certificates of deposit CD is a savings certificate with a fixed maturity date and a specified fixed interest rate and are virtually risk free. Unlike savings accounts, funds floor brokers trade for their own accounting in a CD are not available on demand, as the funds are invested for a fixed period, or tenor, and are not available until maturity.
Should an investor require the utility of the funds invested prior to the maturity date, the CD can be sold, however, the investor will likely have to pay a penalty for early termination. A corporate bond is a debt security issued by a corporation, or company, in order to raise financing for reasons ranging from funding acquisitions or to fund working capital needs. In some cases, the company's physical assets may be used as collateral for bonds.
Those assets of a company that are reasonably expected to be realized in cash, sold or consumed during one year. These include cash, U.
Government bonds, receivables and money due usually within one year, as well as inventories. A method of voting for corporate directors that enables the shareholders to multiply the number of their shares by the number of directorships being voted on and to cast the total for one director or a selected group of directors. A share holder normally casts 10 votes for each of, say, 12 nominees to the board of directors.
One thus has votes. Under the cumulative voting principle, one may do that or may cast 10 x 12 votes for only one nominee, 60 for two, 40 for three, or any other distribution one chooses.
Cumulative voting is required under the floor brokers trade for their own accounting laws of some states and is permitted in most others. A stock having a provision that if one or more dividends are omitted, the omitted dividends must be paid before dividends may be paid on the company's common stock.
Bond with interest coupons attached. The coupons are clipped as they come due and presented by the holder for payment of interest.
Bearer bond, Registered bond. A securities firm, bank or other financial organization that regularly performs services for another in a place or market to which the other does not have direct access. Securities firms may have correspondents in foreign countries or on exchanges of which they are not members.
Correspondents are frequently linked by private wires. Member organizations of the NYSE with offices in New York may also act as correspondents for out-of-town member organizations that do not maintain New York offices.
A bond, debenture or preferred share that may be exchanged by the owner for common stock or another security, usually of the same company, in accordance with the terms of the issue. The ticker tape reporting transactions in NYSE-listed securities that take place on the NYSE or any of the participating regional stock exchanges and other markets. Similarly, transactions in AMEX-listed securities, and certain other securities listed on regional stock exchanges, are reported on a separate tape.
A balance sheet showing the financial condition of a corporation and its subsidiaries. A corporation that has diversified its operations usually by acquiring enterprises in widely varied industries. Floor brokers trade for their own accounting member of the exchange who trades in stocks on the floor for an account in which there is an interest. Also known as a registered trader. Securities that represent an ownership interest in a corporation. If the company has also issued preferred stock, both common and preferred have ownership rights.
Common stockholders assume the greater risk, but generally floor brokers trade for their own accounting the greater control and may gain the greater award in the form of dividends and capital appreciation. The terms common floor brokers trade for their own accounting and capital stock are often used interchangeably when the company has no preferred stock.
A money market instrument characterized by its set date of maturity and interest rate. There are two basic types of CDs: Traditional bank CDs typically incur an early-withdrawal penalty, while negotiable CDs have secondary market liquidity with investors receiving more or less than the original amount depending on market conditions. The actual piece of paper that is evidence of ownership of stock in a corporation.
Watermarked paper is finely engraved with delicate etchings to discourage forgery. A transaction on the floor of the stock exchange that calls for delivery of the securities the same day.
In "regular way" trade, the seller is to deliver on the third business day, except for bonds, which are the next day. Reported net income of a corporation plus amounts charged off for depreciation, depletion, amortization, and extraordinary charges to reserves, which are bookkeeping deductions and not paid out in actual dollars and cents. Total amount of the various securities issued by a corporation. Capitalization may include bonds, debentures, preferred and common stock, and surplus.
Bonds and debentures are usually carried on the books of the issuing company in terms of their par or face value. Preferred and common shares may be carried in terms of par or stated value. Stated value may be an arbitrary figure decided upon by the director or may represent the amount received by the company from the sale of the securities at the time of issuance.
All shares representing ownership of a business, including preferred and common. Common stock, Preferred stock. Profit or loss from the sale of a capital asset. The capital gains provisions of the tax law are complicated. You should consult your tax advisor for specific information. A bond issue, all or part of which may be redeemed by the issuing corporation under specified conditions before maturity. The term also applies to preferred shares floor brokers trade for their own accounting may be redeemed by the issuing corporation.
A system of buying securities at regular intervals with a fixed dollar amount. Under this system investors buy by the dollars' worth rather than by floor brokers trade for their own accounting number of shares. If each investment is of the same number of dollars, payments buy more shares when the price is low and fewer when it rises.
Thus temporary downswings in price benefit investors if they continue periodic purchases in both good and bad times, and the price at which the shares are sold is more than their average cost. Dollar-cost-averaging does not assure a profit and does not protect against loss in declining markets. Since dollar-cost-averaging involves continuous investment in securities regardless of fluctuating price levels of such securities, investors should consider their financial ability to continue purchases through periods of low price levels.
The payment designated by the board of directors to be distributed pro rata among the shares outstanding. On preferred shares, it is generally a fixed amount. On common shares, the dividend varies with the fortunes of the company and the amount of cash on hand, and may be omitted if business is poor or the floor brokers trade for their own accounting determine to withhold earnings to invest in plant and equipment.
In financea floor brokers trade for their own accounting is the amount of a particular securitycommodity or currency held or owned by a person or entity.
In financial tradinga position in a futures contract does not reflect ownership but rather a binding commitment to buy or sell a given number of financial instrumentssuch as securities, currencies or commodities, for a given price.
In derivatives trading or for financial instruments, the concept of a position is used extensively. There are two basic types of position: Generally speaking, long positions stand to gain from a rise of the price of the instrument and short positions from a fall but with options the situation is more complicated.
Options will be floor brokers trade for their own accounting in the following explanations. The same principle applies for futures and other securities. For simplicity, only one contract is being traded in these examples. Net position is the difference between total open long receivable and open short payable positions in a given asset security, foreign exchange currencycommodityetc.
This also refers to the amount of assets held by a person, firmor financial institutionas well as the floor brokers trade for their own accounting status of a person's or institution's investments.
From Wikipedia, the free encyclopedia. For other uses, see Position disambiguation. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
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