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The number of debt instruments traded on one side of the transaction for a specified period multiplied by the face value of the debt instrument.

A stock purchased from a company that has maintained a record of stable earnings and continuous dividend payments through periods of economic downturn.

Balance sheet liability reflecting expenses shown on the income statement that haven’t actually been paid. 

Balance sheet liability reflecting taxes due, but not yet paid. 

Sales charge paid when selling a mutual fund (a.k.a. back-end load).

A balance sheet liability reflecting payments received for work not yet performed. 

A special term order in which there is a clear understanding between the buying and selling parties that the delivery of the securities will be delayed beyond the usual three-day settlement period to the date specified in the order.

A security of an issuer (for example – bonds, debentures, or preferred shares) that may be converted into other securities of that issuer, in accordance with the terms of the conversion feature. The conversion usually occurs at the option of the holder of the securities, but it may occur at the option of the issuer.

A form of business organization created under provincial or federal laws that has a legal identity separate from its owners. The shareholders are the corporation’s owners and are liable for the debts of the corporation only up to the amount of their investment. This is known as limited liability.

This occurs when an average falls 10% or more off of its high.