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.

Push-Out

A push-out occurs during a stock split when new shares are forwarded to the registered holders of old share certificates, without the holders having to surrender the old shares. Both the old and new shares have equal value.

Sector Funds

mutual funds specializing in a particular industry sector such as computers, or health care.

Mortgage REIT

A real estate investment trust (REIT) whose primary business is investing in real estate loans. 

Securities

Transferable certificates of ownership of investment products such as notes, bonds, stocks, futures contracts and options.

Put/Call Ratio

The ratio of put trading volume divided by the call trading volume. For example, a put/call ratio of 0.74 means that for every 100 calls bought, 74 puts were bought. It is a contrary indicator. A reading of 1.0 or more is very bullish as most people think the market is going down. When the majority thinks the market is going to move a certain direction, it usually does the opposite.

Filing Statement

A disclosure document submitted by a listed company to outline material changes in its affairs. Filing statements are not used for the purposes of a financing.