Sales minus all expenses except income taxes and other items not related to basic business.
Archives
Suspended Issue
The status of a listed security of an issuer whose trading privileges have been revoked by the Exchange. All securities of the issuer remain suspended until trading privileges have been reinstated, or the issuer is delisted.
Sell Side Analyst
An analyst employed by a brokerage house such as Merrill Lynch.
Street Certificate
These are certificates registered in the name of a securities firm rather than the owner of the security. This makes the certificate easily transferable to a new owner.
Operating Margin
Operating income divided by sales.
Sweep
Movement of funds from a non interest-bearing account to an interest bearing account.
Growth Stock
The shares of companies that have enjoyed better-than-average growth over recent years and are expected to continue their climb.
Settlement Date
The date when a securities buyer must pay for a purchase or a seller must deliver the securities sold. Settlement must be made on or before the third business day following the transaction date in most cases.
Structured Products
Closed-end or open-end investment funds, which provide innovative and flexible investment products designed to respond to modern investor needs, such as yield enhancement, risk reduction, or asset diversification. Structured products allow investors to buy a single unit/share of a fund that represents an interest in the investment portfolio. Based on the investment strategy, the portfolio can purchase a basket of securities, track an index, or hold a specific type of security or portion of a security.The subcategories under the structured products include: investment funds, ETFs, capital trusts, split share corporations, and mutual fund partnerships.
Symbol Change
A change in a listed issuer’s stock symbol, which may be required by the Exchange in the context of an issuer’s reorganization or may be made at the request of the issuer. A requested symbol is available for use if it is appropriate for the type of security and the issuer’s voting structure.