The lowest price at which someone is willing to sell the security. When combined with the bid price information, it forms the basis of a stock quote.
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Contrarian
Similar to value investor. Looks for stocks with prices beaten down out of proportion to fundamentals.
Deferred Income Tax
Balance sheet liability reflecting taxes due, but not yet paid.
Deferred anything
Balance sheet liability reflecting expenses shown on the income statement that haven’t actually been paid.
Ask Price
The price you are asked to pay when you buy a stock (see ‘Bid Price’).
Convertible Bond
A bond that can be exchanged for shares of stock.
Deferred Load
Sales charge paid when selling a mutual fund (a.k.a. back-end load).
Deferred Income Tax
Balance sheet liability reflecting taxes due, but not yet paid.
Ask Size
The aggregate size in board lots of the most recent ask to sell a particular security.
Convertible Security
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.