The difference between a bond’s face value and its current market price.
Archives
Demand
The combined desire, ability and willingness on the part of consumers to buy goods or services. Demand is determined by income and by price, which are, in part, determined by supply.
Derivatives
Options and other instrument whose value depends on an underlying security. For instance, the value of a call option on Cisco Systems (derivative) fluctuates with the price of Cisco System’s stock.
Accrued Expenses
Expenses shown on the income statement but not yet paid.
Diluted Earnings (a.k.a. fully diluted earnings)
Total of after tax (bottom line) earnings divided by number of common shares including unexercised stock options, and unconverted preferred stock and convertible bonds. Undiluted earnings would be after tax earnings divided by issued stock only, not considering outstanding options, etc.
Delisted Issuer
A listed issuer is delisted when the last listed security of the issuer is delisted.
Delivery
The tender and receipt of the underlying commodity or the payment or receipt of cash in the settlement of an open futures contract.
Delist
The removal of a security’s listing on a stock exchange. This is done when the security no longer exists, the company is bankrupt, the public distribution of the security has dropped to an unacceptably low level, or the company has failed to comply with the terms of its listing agreement.
Delisted Issue
The status of a security that is no longer listed on the Exchange. The security could trade on another market.
Deferred Load
Sales charge paid when selling a mutual fund (a.k.a. back-end load).