Seed Stock

The shares or stock sold by a company to provide start-up capital before carrying out an initial public offering (IPO).

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.

Quote

Information on the last trade, and current bid and asked prices. Most quotes are intentionally delayed about 20 minutes.

Rally

A brisk rise in the general price level of the market or price of a stock.

Record Date

This is the date that a stock must be in your account for you to receive a dividend. The record date has nothing to do with how we trade stock splits.

Redeemable Security

A security that carries a condition giving the issuer a right to call in and retire that security at a certain price and for a certain period of time.