B-Note
What is 'B-Note' The secondary tranche in a commercial mortgage-backed security. B notes are a component of A/B financing or A/B/C financing. They have a lower credit rating than a class-A notes, but a higher credit rating than a class-C notes. The financed property serves as collateral for a B note. Also known as a "class B note". Explaining 'B-Note' As long as...
Qatar Investment Authority (QIA)
What is 'Qatar Investment Authority - QIA' The Qatar Investment Authority (QIA) is a government-owned entity charged with managing the sovereign wealth fund of Qatar. The source of the sovereign wealth fund is primarily excess oil and gas revenues from the development of Qatar's oil and gas reserves. Explaining 'Qatar Investment Authority - QIA' ...
FAANG Stocks
What is 'FAANG Stocks' FAANG is an acronym for the five most popular and best performing tech stocks in the market, namely Facebook, Apple, Amazon, Netflix, and Alphabet’s Google. Explaining 'FAANG Stocks' Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX), and Alphabet (GOOG) are the five technology giants trading publicly in the market today, as...
U.S. Department of Housing and Urban Development (HUD)
What is HUD and what does it do HUD is the U.S. Department of Housing and Urban Development, a Cabinet-level agency created in 1965 to address housing and urban development needs. HUD's mission is to "create strong, sustainable, inclusive communities and quality affordable homes for all." HUD works to achieve this mission by providing fair housing and equal opportunity, improving...
S&P MidCap 400 Index
What is 'S&P MidCap 400 Index' This Standard & Poor's index serves as a barometer for the U.S. mid-cap equities sector and is the most widely followed mid-cap index in existence. To be included in the index, a stock must have a total market capitalization that ranges from roughly $750 million to $3 billion dollars. Stocks in...
Package Deal
DefinitionPackage Deal is a Canadian television sitcom created by Andrew Orenstein about three brothers and the woman who comes between them. It debuted on City on June 18, 2013 and ran for two seasons. Package Deal What is 'Package Deal' An order that contains a number of exchange or deposit items that must be completed simultaneously, or...
ICSC-UBS Store Sales
What is 'ICSC-UBS Store Sales' A weekly economic figure published by the International Council of Shopping Centers and UBS Bank, that measures comparable store sales at major retail chains. The ICSC-UBS Store Sales measures the portion of retail sales attributed to general merchandise. Explaining 'ICSC-UBS Store Sales' Because consumer spending accounts for about two-thirds...
Naked Call
What is a naked call A naked call is an options strategy in which the investor writes (sells) a call option on a security without owning the underlying security. It is also known as an uncovered call. Theoretically, a naked call is unlimited in profit potential as the stock price can rise indefinitely, while the downside is limited to the...
It is a 401k?
A 401k plan is a retirement plan that is available through an employer. It allows you to save and grow your nest egg using investments in the market. When you are ready to retire, you'll have a larger amount available for you to use. 401ks are qualified tax-advantaged accounts. This means they meet certain requirements from the IRS that...
Paid-Up
What is 'Paid-Up' The state of a settlement when all payment obligations for a security have been completed in a customer account. When an individual has paid up, he or she has paid for the security in full. Explaining 'Paid-Up' For example, when an investor buys stock, he/she is given three days to pay...