Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: accounting, finance, inventory, credit, financial, financial advisor, inventory control, payroll,
Definition of Registered representative
A person registered with the CFTC who is employed by, and soliciting business
A bond whose issuer records ownership and interest payments. Differs from a bearer bond
A member of the exchange who executes frequent trades for his or her own account.
Commonly referred to as an RPP this is a tax sheltered employee group plan approved by Federal and Provincial governments allowing employees to have deductions made directly from their wages by their employer with a resulting reduction of income taxes at source. These plans are easy to implement but difficult to dissolve should the group have a change of heart. Employer contributions are usually a percentage of the employee's salary, typically from 3% to 5%, with a maximum of the lessor of 20% or $3,500 per annum. The employee has the same right of contribution. Vesting is generally set at 2 years, which means that the employee has right of ownership of both his/her and his/her employers contributions to the plan after 2 years. It also means that all contributions are locked in after 2 years and cannot be cashed in for use by the employee in a low income year. Should the employee change jobs, these funds can only be transferred to the RPP of a new employer or the funds can be transferred to an individual RRSP (or any number of RRSPs) but in either scenario, the funds are locked in and cannot be accessed until at least age 60. The only choices available to access locked in RPP funds after age 60 are the conversion to a Life Income Fund or a Unisex Annuity.
Commonly referred to as an RRSP, this is a tax sheltered and tax deferred savings plan recognized by the Federal and Provincial tax authorities, whereby deposits are fully tax deductable in the year of deposit and fully taxable in the year of receipt. The ability to defer taxes on RRSP earnings allows one to save much faster than is ordinarily possible. The new rules which apply to RRSP's are that the holder of such a plan must convert it into income by the end of the year in which the holder turns age 69. The choices for conversion are to simply cash it in an pay full tax in the year of receipt, convert it to a RRIF and take a varying stream of income, paying tax on the amount received annually until the income is exhausted, or converting it into an annuity with guaranteed payments for a chosen number of years, again paying tax each year on moneys received.
Commonly referred to as a RRIF, this is one of the options available to RRSP holders to convert their tax sheltered savings into taxable income.
This is an RRSP owned by the spouse of the person contributing to it. The contributor can direct up to 100% of eligible RRSP deposits into a spousal RRSP each and every year. Contributing to a spouses RRSP reduces the amount one can contribute to one's own RRSP, however, if the spouse is a lower income earner, it is an excellent way in which to split income for lower taxation in retirement years.
A savings plan registered with Revenue Canada, which allows you to set aside a portion of your earned income now for use in the future. When you contribute to your RRSP, you are eligible to claim a tax deduction. However, cashing RRSPs at a later date will result in the payment of tax.
A bond on which interest accrues, but is not paid to the investor during the time of accrual.
bonds that are not registered on the books of the issuer. Such bonds are held in physical form by
bonds are debt and are issued for a period of more than one year. The U.S. government, local
A contract for privately placed debt.
A contractual provision in a bond indenture. A positive covenant requires certain actions, and
bond yield calculated on an annual percentage rate method. Differs from annual
The contract that sets forth the promises of a corporate bond issuer and the rights of
Designing a portfolio so that its performance will match the performance of some bond index.
A conventional unit of measure for bond prices set at $10 and equivalent to 1% of the $100 face
With respect to convertible bonds, the value the security would have if it were not convertible
The method used for computing the bond-equivalent yield.
The annualized yield to maturity computed by doubling the semiannual yield.
A system that monitors and evaluates the performance of a fixed-income portfolio , as well as the
bonds issued by emerging countries under a debt reduction plan.
bond whose principal repayment is linked to the price of another security. The bonds are
Foreign bond issue made in London.
Collateral trust bonds
A bond in which the issuer (often a holding company) grants investors a lien on
Insurance that a construction contract will be successfully completed.
Conflict between bondholders and stockholders
These two groups may have interests in a corporation that
bonds that can be converted into common stock at the option of the holder.
A eurobond that can be converted into another asset, often through exercise of
Debt obligations issued by corporations.
High-coupon bonds that sell at only at a moderate premium because they are callable at a
An unsecured bond whose holder has the claim of a general creditor on all assets of the
A bond issued with a very low coupon or no coupon and selling at a price far below par
Debt sold for less than its principal value. If a discount bond pays no interest, it is called a
Municipal revenue bonds for which quotes are given in dollar prices. Not to be confused with
Dollar price of a bond
Percentage of face value at which a bond is quoted.
Equivalent bond yield
Annual yield on a short-term, non-interest bearing security calculated so as to be
A bond that is (1) underwritten by an international syndicate, (2) offered at issuance
Eurobonds denominated in U.S.dollars.
Eurobonds denominated in Japanese yen.
bond whose maturity can be extended at the option of the lender or issuer.
A member who generally trades only for his own account, for an account controlled by him or
Government bonds that are acceptable at par in payment of federal estate taxes when owned by
A bond issued on the domestic capital market of anther company.
Foreign bond market
That portion of the domestic bond market that represents issues floated by foreign
Full coupon bond
A bond with a coupon equal to the going market rate, thereby, the bond is selling at par.
General obligation bonds
Municipal securities secured by the issuer's pledge of its full faith, credit, and
bonds that are designed so as to qualify for immediate trading in any domestic capital market
See: Government securities.
High-coupon bond refunding
Refunding of a high-coupon bond with a new, lower coupon bond.
A bond on which the payment of interest is contingent on sufficient earnings. These bonds are
bond whose payments are linked to an index, e.g. the consumer price index.
Industrial revenue bond (IRB)
bond issued by local government agencies on behalf of corporations.
A municipal bond backed both by the credit of the municipal issuer and by commercial
A collective term that refers to global bonds, Eurobonds, and foreign bonds.
Investment grade bonds
A bond that is assigned a rating in the top four categories by commercial credit
A bond with a speculative credit rating of BB (S&P) or Ba (Moody's) or lower is a junk or high
bond with a stream of coupon payments that are the same throughout the life of the bond.
Limited-tax general obligation bond
A general obligation bond that is limited as to revenue sources.
bonds with a long current maturity. The "long bond" is the 30-year U.S. government bond.
Low-coupon bond refunding
Refunding of a low coupon bond with a new, higher coupon bond.
bonds with a long current maturity. The "long bond" is the 30-year U.S. government bond.
Floating rate note whose interest rate is reset at more frequent intervals than the rollover
A bond in which the issuer has granted the bondholders a lien against the pledged assets.
State or local governments offer muni bonds or municipals, as they are called, to pay for
Positive covenant (of a bond)
A bond covenant that specifies certain actions the firm must take. Also called
A bond that is selling for more than its par value.
A bond that will make only one payment of principal and interest. Also called a zerocoupon
A bond that the holder may choose either to exchange for par value at some date or to extend for a
Also called a prerefunded bond, one that originally may have been issued as a general
A bond issued by a municipality to finance either a project or an enterprise where the issuer
A yen-denominated bond issued in Tokyo by a non-Japanese borrower. Related: bulldog
Corporate bonds arranged so that specified principal amounts become due on specified dates.
bond that may be issued in several series under the same indenture.
Dollar bond issued in Japan by a nonresident.
bonds with short current maturities.
A bond that will make only one payment of principal and interest.
Speculative grade bond
bond rated Ba or lower by Moody's, or BB or lower by S&P, or an unrated bond.
A bond that pays a lower coupon rate for an initial period which then increases to a higher
Stratified sampling bond indexing
A method of bond indexing that divides the index into cells, each cell
Subordinated debenture bond
An unsecured bond that ranks after secured debt, after debenture bonds, and
A eurobond issued by a Japanese corporation.
Often referred to as bullet-maturity bonds or simply bullet bonds, bonds whose principal is
Persons who take positions in securities and their derivatives with the objective of making profits.
Debt obligations of the U.S. Treasury that have maturities of 10 years or more.
U.S. Treasury bond
U.S. government debt with a maturity of more than 10 years.
Variable rated demand bond (VRDB)
Floating rate bond that can be sold back periodically to the issuer.
Foreign bonds denominated in US$ issued in the United States by foreign banks and
Also known as an accrual bond or accretion bond; a bond on which interest accretes interest but is not
Zero coupon bond
Such a debt security pays an investor no interest. It is sold at a discount to its face price
A bond in which no periodic coupon is paid over the life of the contract. Instead, both the
A long-term, interest-bearing promissory note that companies may use to borrow money for periods of time such as five, ten, or twenty years.
Amounts owed by the company that have been formalized by a legal document called a bond.
A long-term debt instrument in which the issuer (borrower) is
Bond Equivalent Yield
bond yield calculated on an annual percentage rate method
A debt security issued in a market other than the home market of
A security that makes no interest payments; it is sold at a discount
A bond that allows the issuer to buy back the bond at a
A bond that allows the holder to redeem the bond at a
Long-term debt obligation of the U.S. government that makes
Zero-coupon bond, or Zero
A bond that, instead of carrying a coupon, is sold
Security that obligates the issuer to make specified payments
bond that may be repurchased by the issuer before maturity at specified call price.
bond that the holder may exchange for a specified number of shares.
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.