One To Many What is 'One To Many' A trading platform where all buyers and sellers transact with a sole market operator. Whereas a normal exchange involves the operator matching buyers with

On Stream What is 'On Stream' An investment that is on track to earn its expected return. Stocks, funds or any other investment vehicle that is presently performing in a way that allows it

One-Cancels-the-Other Order (OCO) What is a 'One-Cancels-the-Other Order - OCO' A one-cancels-the-other order (OCO) is a pair of orders stipulating that if one order is executed, then the

DefinitionRainbow option is a derivative exposed to two or more sources of uncertainty, as opposed to a simple option that is exposed to one source of uncertainty, such as the price of under

DefinitionA cafeteria plan is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. Its name comes from the earliest such plans t

Vanilla Option What is a 'Vanilla Option' A vanilla option is a financial instrument that gives the holder the right, but not the obligation, to buy or sell an underlying asset, security o

Joint What is 'Joint' A legal term describing a transaction or agreement where two or more parties act in unison. Explaining 'Joint' In addition to pertaining to accounts or ownership i

Joint Life With Last Survivor Annuity What is 'Joint Life With Last Survivor Annuity' An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and his/her

DefinitionA safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally loca

Ladder Option What is 'Ladder Option' An option that locks-in gains once the underlying reaches predetermined price levels or "rungs," guaranteeing some profit even if the underlying secur