Closed-End Investment Fund

An investment trust that issues a fixed number of securities that trade on a stock exchange or in the over-the-counter market. Assets of a closed-end fund are professionally managed in accordance with the fund’s investment objective and policies and may be invested in a wide range of financial instruments/assets. Like other publicly traded securities, the market price of closed-end fund securities fluctuates and is determined by supply and demand in the marketplace.

Day Order

An order that is valid only for the day it is entered. If the order is still outstanding when the market closes, it will be purged overnight.

Day Order

An order that is valid only for the day it is entered. If the order is still outstanding when the market closes, it will be purged overnight.

Days Sales Outstanding

A measure of accounts receivables compared to sales. Higher DSOs means a company’s receivables as a percentage of sales have increased, not a good sign.

Commodities

Products used for commerce that are traded on a separate, authorized commodities exchange. Commodities include agricultural products and natural resources such as timber, oil and metals. Commodities are the basis for futures contracts traded on these exchanges.