Yield To Maturity (YTM) What is 'Yield To Maturity (YTM)' Yield to maturity (YTM) is the total return anticipated on a bond if the bond is held until the end of its lifetime. Yield to matu

Accelerated Death Benefit (ADB) What is an 'Accelerated Death Benefit - ADB' An accelerated death benefit (ADB) is a benefit that can be attached to a life insurance policy that enables th

Saitori What is 'Saitori' A member of the Tokyo Stock Exchange who facilitates the trading of securities by matching buy and sell orders. Their role is to make the market as orderly and ef

Safe Asset What is 'Safe Asset' Assets which, in and of themselves, do not carry a high likelihood of lawsuit risk. Mere ownership of this type of asset does not expose the asset owner to

DefinitionA callable bond is a type of bond that allows the issuer of the bond to retain the privilege of redeeming the bond at some point before the bond reaches its date of maturity. In ot

Value Averaging What is 'Value Averaging' An investing strategy that works like dollar cost averaging (DCA) in terms of steady monthly contributions, but differs in its approach to the amo

DefinitionValue date, in finance, is the date when the value of an asset that fluctuates in price is determined. The value date is used when there is a possibility for discrepancies due to d

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

DefinitionPar value, in finance and accounting, means stated value or face value. From this come the expressions at par, over par and under par. Par Value What is 'Par Value' The face valu

Above Par What is 'Above Par' A term used to describe the price of a security when it is trading above its face value. A security usually trades at above par when its income distributions