Earnings before interest and taxes. Also known as operating income.
Archives
Bid Size
The aggregate size in board lots of the most recent bid to buy a particular security.
Junior Corporation
A young company in the early stages of operations and growth.
Issuer Status
The trading status of a listed or formerly listed issuer. Issuer status types include: delisted, listed, suspended, and trading.
Index Participation Unit (IPU)
See Exchange-Traded Fund (ETF).
EBITDA
Earnings before interest, taxes, depreciation and amortization. Adds these items back to reported earnings to more accurately reflect real cash earnings of company. Similar to operating cash flow, except operating cash flow also considers changes in levels of inventories and receivables.
Junk Bonds
Corporate bonds with poor credit ratings.
Black Scholes Option Pricing Model
A model used to estimate the price of an option.
Jitney Order
The execution and clearing of orders by one member of a stock exchange for the account of another member. For example, investment dealer A is a small firm whose volume of business is not sufficient to maintain a trader on the exchange. Instead, investment dealer A gives its orders to investment dealer B, a larger organization which is a member of the exchange, for execution. Investment dealer A pays a reduced percentage of the normal commission.
Indicated Annual Dividend/Distribution
For an issue with a committed dividend/distribution policy, the indicated annual dividend/distribution (IAD) equals the most recent dividend/distribution multiplied by the payment frequency. For example, if an issuer pays $0.04 quarterly, then the indicated rate is $0.04 X 4 or $0.16. In the case of issuers with no committed policy, the IAD is obtained by adding the dividend/distribution amounts paid in the last 12-month period. Indicated annual dividend/distribution is also referred to as indicated rate.