The shares or stock sold by a company to provide start-up capital before carrying out an initial public offering (IPO).
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Sell Side Analyst
An analyst employed by a brokerage house such as Merrill Lynch.
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.
Share Certificate
A paper certificate that represents the number of shares an investor owns.
Quote
Information on the last trade, and current bid and asked prices. Most quotes are intentionally delayed about 20 minutes.
Quoted Market Value (QMV)
See Market Capitalization.
Rally
A brisk rise in the general price level of the market or price of a stock.
Real-Time Quotes
Stock trading price reports that have not been artificially delayed.
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.