Tag: career

What is 'Safekeeping Certificate' A document that represents ownership of a security or certificate of deposit. Safekeeping certificates are the investor's claim...

What is 'Baidu' The dominant Chinese internet search engine company. Baidu offers many of the same products and services as Google, but...

What is 'Bad Check' A check drawn on a nonexistent account or on an account with insufficient funds to honor the check...

What is a back up and what does it mean for the securities market A back up is a slang term for the movement in...

What is 'Cage' "Cage" is a slang term used to describe the department of a brokerage firm that receives and distributes physical...

What is 'Call Premium' Call premium is the dollar amount over the par value of a callable fixed-income debt security that is...

What is 'Calendar Year Experience' The underwriting result based on earned premiums and booked incurred losses for the same calendar-year accounting period....

What is 'Paraplanning' A relatively new position within the financial planning industry that involves the performance of the administrative duties of a...

What is 'Qualified Disclaimer' A refusal to accept property that meets with provisions set forth in the Internal Revenue Code Tax Reform...

What is 'Vault Receipt' A document frequently used as a delivery instrument to indicate ownership of precious metals stored in a bank,...