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Sales charge paid when selling a mutual fund (a.k.a. back-end load).

A form of prospectus that allows a company to conduct a prospectus offering through the facilities of a stock exchange, rather than issuing them directly to the public. The company then applies to list the securities on the exchange.

A method of allocating shares in an IPO where you specify how much you’re willing to pay for how many shares.

Balance sheet liability reflecting expenses shown on the income statement that haven’t actually been paid. 

A balance sheet liability reflecting payments received for work not yet performed. 

A special type of financial trust that allows an investor to buy an entire basket of stocks through a single security, which tracks and matches the returns of a stock market index. ETFs are considered to be a special type of index mutual fund, but they are listed on an exchange and trade like a stock. Also known as an index participation unit (IPU).

Earnings per share.

Balance sheet liability reflecting taxes due, but not yet paid. 

After tax 12-month’s earnings divided by the number of shares outstanding. 

A special term order in which there is a clear understanding between the buying and selling parties that the delivery of the securities will be delayed beyond the usual three-day settlement period to the date specified in the order.