Bull Trap

A false signal which indicates that the price of a stock or index has reversed to an upward trend, but ultimately proves to be false.

Non-Net Order

A special-term order when there is a clear understanding between the buying and selling parties that they will settle the trade directly with each other.

Business Trust

A trust that usually generates cash flows from one business or operating company, unlike an investment fund, which generates income from a diversified pool or portfolio. The trust holds debt and equity interests of an operating business. Businesses that exhibit these characteristics may opt for a trust structure over a corporate structure to take advantage of tax efficiency.

Buy Side Analyst

Analyst working for mutual fund or other institutional investor. We don’t usually get to see their reports.