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Financial Terms | |
Securities and Exchange Commission (SEC) |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
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Definition of Securities and Exchange Commission (SEC)Securities and Exchange Commission (SEC)The federal agency that Securities and Exchange Commission (SEC)Federal agency responsible for regulation of securities markets in the United Securities and Exchange Commission (SEC)A federal agency that administers securities legislation,
Related Terms:Securities & Exchange CommissionThe sec is a federal agency that regulates the U.S.financial markets. American Stock Exchange (AMEX)The second-largest stock exchange in the United States. It trades Asset-Backed SecuritiesBond or note secured by assets of company. Asset-backed securityA security that is collateralized by loans, leases, receivables, or installment contracts Available-for-Sale SecurityA debt or equity security not classified as a held-to-maturity security or a trading security. Can be classified as a current or noncurrent investment depending on the intended holding period. ![]() Bill of exchangeGeneral term for a document demanding payment. Book-entry securitiesThe Treasury and federal agencies are moving to a book-entry system in which securities are not represented by engraved pieces of paper but are maintained in computerized records at the Chicago Mercantile Exchange (CME)A not-for-profit corporation owned by its members. Its primary CommissionThe fee paid to a broker to execute a trade, based on number of shares, bonds, options, and/or Commission brokerA broker on the floor of an exchange acts as agent for a particular brokerage house and Commission houseA firm which buys and sells future contracts for customer accounts. Related: futures Commodities Exchange Center (CEC)The location of five New York futures exchanges: Commodity Convertible exchangeable preferred stockConvertible preferred stock that may be exchanged, at the Convertible securityA security that can be converted into common stock at the option of the security holder, Cross-sectional approachA statistical methodology applied to a set of firms at a particular point in time. Debt securitiesIOUs created through loan-type transactions - commercial paper, bank CDs, bills, bonds, and Debt SecurityA security representing a debt relationship with an enterprise, including a government Derivative securityA financial security, such as an option, or future, whose value is derived in part from the Discount securitiesNon-interest-bearing money market instruments that are issued at a discount and Effective Exchange RateThe weighted average of several exchange rates, where the weights are determined by the extent of our trade done with each country. Employee Retirement Income Security Act of 1974 (ERISA)A federal Act that sets minimum operational and funding standards for employee benefit Equation of ExchangeThe quantity theory equation Mv = PQ. Equity SecurityAn ownership interest in an enterprise, including preferred and common stock. ExchangeThe marketplace in which shares, options and futures on stocks, bonds, commodities and indices Exchange controlsGovernmental restrictions on the purchase of foreign currencies by domestic citizens or Exchange of assetsAcquisition of another company by purchase of its assets in exchange for cash or stock. Exchange of stockAcquisition of another company by purchase of its stock in exchange for cash or shares. Exchange offerAn offer by the firm to give one security, such as a bond or preferred stock, in exchange for Exchange rateThe price of one country's currency expressed in another country's currency. exchange rateAmount of one currency needed to purchase one unit of another. Exchange Rate Mechanism (ERM)The methodology by which members of the EMS maintain their Exchange Rate, NominalThe price of one currency in terms of another, in this book defined as number of units of foreign currency per dollar. Exchange Rate, RealThe nominal exchange rate corrected for price level differences. Exchange rate riskAlso called currency risk, the risk of an investment's value changing because of currency Exchange riskThe variability of a firm's value that results from unexpected exchange rate changes or the Exchangeable Securitysecurity that grants the security holder the right to exchange the security for the Exempt securitiesInstruments exempt from the registration requirements of the securities Act of 1933 or the expectations theory of exchange ratesTheory that expected spot exchange rate equals the forward rate. Federal agency securitiessecurities issued by corporations and agencies created by the U.S. government, Fixed-dollar securityA nonnegotiable debt security that can be redeemed at some fixed price or according to Fixed-exchange rateA country's decision to tie the value of its currency to another country's currency, gold Fixed Exchange RateAn exchange rate held constant by a government promise to buy or sell dollars at the fixed rate on the foreign exchange market. Fixed-income securityA security that pays a specified cash flow over a Flexible Exchange RateAn exchange rate whose value is determined by the forces of supply and demand on the foreign exchange market. Floating exchange rateA country's decision to allow its currency value to freely change. The currency is not Floating Exchange RateSee flexible exchange rate. floating-rate securitysecurity paying dividends or interest that vary with short-term interest rates. Foreign exchangeCurrency from another country. Foreign ExchangeThe currency of a foreign country. Foreign exchange controlsVarious forms of controls imposed by a government on the purchase/sale of Foreign exchange dealerA firm or individual that buys foreign exchange from one party and then sells it to Foreign Exchange MarketA worldwide market in which one country's currency is bought or sold in exchange for another country's currency. Foreign Exchange ReservesA fund containing the central bank's holdings of foreign currency or claims thereon. Foreign exchange riskThe risk that a long or short position in a foreign currency might have to be closed out Foreign exchange swapAn agreement to exchange stipulated amounts of one currency for another currency Forward Exchange MarketA market in which foreign exchange can be bought or sold for delivery (and payment) at some specified future date but at a price agreed upon now. Forward exchange rateexchange rate fixed today for exchanging currency at some future date. forward rate of exchangeexchange rate for a forward transaction. Futures commission merchantA firm or person engaged in soliciting or accepting and handling orders for Gold exchange standardA system of fixing exchange rates adopted in the Bretton Woods agreement. It Government securitiesNegotiable U.S. Treasury securities. Held-to-Maturity SecurityA debt security for which the investing entity has both the positive Historical exchange rateAn accounting term that refers to the exchange rate in effect when an asset or Host securityThe security to which a warrant is attached. Hybrid securityA convertible security whose optioned common stock is trading in a middle range, causing Intermarket sectorspread The spread between the interest rate offered in two sectors of the bond market for Intramarket sector spreadThe spread between two issues of the same maturity within a market sector. For London International Financial Futures Exchange (LIFFE)A London exchange where Eurodollar futures London International Financial Futures Exchange (LIFFE)London exchange where Eurodollar futures as well as futures-style options are traded. Manufactured housing securities (MHSs)Loans on manufactured homes - that is, factory-built or Market sectorsThe classifications of bonds by issuer characteristics, such as state government, corporate, or utility. Marketable securityAn easily traded investment, such as treasury bills, which is Medium of ExchangeAny item that can be commonly exchanged for goods and services. Monthly income preferred security (MIP)Preferred stock issued by a subsidiary located in a tax haven. Mortgage-backed securitiessecurities backed by a pool of mortgage loans. Mortgage-Backed Securities Clearing CorporationA wholly owned subsidiary of the Midwest Stock Mortgage pass-through securityAlso called a passthrough, a security created when one or more mortgage New York Stock Exchange (NYSE)Also known as the Big Board or The Exhange. More than 2,00 common Nominal exchange rateThe actual foreign exchange quotation in contrast to the real exchange rate that has Nonmarketable SecurityA debt or equity security for which there is no posted price or bidand- Organized exchangeA securities marketplace wherein purchasers and sellers regularly gather to trade Pass-through securitiesA pool of fixed-income securities backed by a package of assets (i.e. mortgages) Philadelphia Stock Exchange (PHLX)A securities exchange where American and European foreign Primitive securityAn instrument such as a stock or bond for which payments depend only on the financial Project loan securitiessecurities backed by a variety of FHA-insured loan types - primarily multi-family Public Securities Administration (PSA)The trade association for primary dealers in U.S. government Real Exchange Rateexchange rate adjusted for relative price levels. Real exchange ratesexchange rates that have been adjusted for the inflation differential between two countries. Realizable Revenue A revenue transaction where assets received in exchange for goods andservices are readily convertible into known amounts of cash or claims to cash. SECThe securities and exchange commission, the primary federal regulatory agency of the securities SECSee securities and exchange commission. Second pass regressionA cross-sectional regression of portfolio returns on betas. The estimated slope is the Secondary issue1) Procedure for selling blocks of seasoned issues of stocks. Secondary marketThe market where securities are traded after they are initially offered in the primary Secondary MarketThe market where securities are exchanged between investors. secondary marketMarket in which already issued securities are traded among investors. Secondary MarketNew security issues are first sold directly to the public by the issuing firm or the government. After this initial sale, the owners of the securities can trade them among themselves or others; such activity is said to take place on the secondary market. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |