Also called average weighted maturity. Although it had helped a lot of bank’s make a killing, it’s also one of the easiest ways for a bank to do it’s ass when traders make stupid trades, trade naked or well, just make huge illegal trades! A lot of the exciting stuff can happen after hours, with news and announcements by companies often delayed to this point, eg oh shit, PS Dear Facebook shareholders, we are merging with Google tomorrow. Anti-takeover measure – crazy stuff directors get up to, to make sure no one can take over ‘their’ company without their approval. Again. The opposite of a bear market. NIIT BFSI training, accounting courses, post graduate diploma programs in banking and finance are specially modeled for graduates to help them build an aspirational career in banking and finance. Yield - Annual percentage rate of return on capital. Catch a falling knife – not an important term, but a cool one. A purchaser of state municipal bonds is exempt from federal taxation on the income earned from the bonds. Dead cat bounce – perhaps the greatest insider term, it’s used to describe the movement of a stock that has crashed in price and then gone on to see a very slight lift in price not long after as short sellers take profits and some ballsy investors buy up stock thinking it can’t go lower. Top five contributors - Top five industries in a portfolio based on amount of invested assets. Ex-Dividend - The interval between the announcement and the payment of the next dividend for a stock. Some common investment terms specific to companies include: Board of Directors: A company's board of directors is elected by stockholders. It was created by Government of India with a purpose to deal with the complaints of customers of the banks related to … Money and other valuables belonging to an individual or business. The most sensitive indicator of the direction of interest rates, since it is set daily by the market, unlike the prime rate and the discount rate, which are periodically changed by banks and by the Federal Reserve Board. An item, tangible or intangible, that has value in an exchange is considered an asset. Asset. For example, an employee receiving a raise may reply with the words "cool beans," upon receiving the news. Proprietary trading – prop trading happens when a bank trades on their own account. Extended hours trading – this simply refers to trading after the bell; something that can be kinda hit or miss, given the lack of real time information/prices. Rights of accumulation - The right to buy over a period of time. A market in which prices decline sharply against a background of widespread pessimism, growing unemployment or business recession. Ex-Dividend date - The date on which a stock goes ex-dividend. The SO Act is all about forcing companies to be vigilant (ie accurate) in the financial info they disclose to the market. Back office – that cold, lonesome place where no one really appreciates what people do, because they don’t generate rev like front office. If you fail to make payments … That made sense, right. Annualized - A procedure where figures covering a period of less than one year are extended to cover a 12-month period. See Japan. P/E Ratio (1 yr trailing) (long position) - Price of a stock divided by its earnings from the latest year. Mutual fund - Fund operated by an investment company that raises money from shareholders and invests it in stocks, bonds, options, commodities or money market securities. ), it can be put to a vote of shareholders quite easily, and if it gets approved the takeover goes through. https://www.fluentu.com/blog/spanish/financial-terms-in-spanish It can be anywhere from a couple weeks to couple months, and is something that differs from deal to deal as it’s an agreement reached between company and underwriter. Fundamentally strong companies whose stocks are inexpensive but trending upward may also be selected for value funds. An example is the S&P 500 Index. You’re required to disclose all material information a potential investor needs to make a decision whether to buy your stock or not. Capital gains ex-date - The date that a shareholder is no longer eligible for a capital gain distribution that has been declared by a security or mutual fund. Tracking Error - The active risk of the portfolio. Also called 'shareholder.'. Recession - A downturn in economic activity, defined by many economists as at least two consecutive quarters of decline in a country's gross domestic product. 22 Cards – 3 Decks – 1 Learner Value stock - Typically an overlooked or underpriced company that is growing at slower rates. The Role of Investment Bankers. Loads (back-end, front-end and no-load) - Sales charges on mutual funds. Yield to maturity - Concept used to determine the rate of return an investor will receive if a long-term, interest-bearing investment, such as a bond, is held to its maturity date. Learn. Capital gain - The difference between a security's purchase price and its selling price, when the difference is positive. Just like front line troops need a solid transport contingent, so do bankers need this vital Ops group. Negative carry – when you borrow money to invest and end up paying more in interest than you receive in profit from the investment. The funds are not required to file a prospectus or registration statement with the SEC, and accordingly, neither is available. Rule of 72 – an easy way to figure out how long it will take your investment to double in size. Your typical CB would have retail operations, eg giving home loans to Mrs Jones down the road, as well as bigger commercial operations, eg lending money in a syndicate. You will see pro forma numbers a lot as expected future numbers pop up all the time, eg you analyze a potential merger and then spit out a guess at what the merged entities financials would look like in 12 months time…that’s a pro forma statement. The Board – the big dogs of the money world, the Board consists of 7 people, all chosen by the President (and confirmed by Senate), who then run the Federal Reserve. Communications such as this are not impartial and are provided in connection with the advertising and marketing of products and services. Lipper ratings - The Lipper Mutual Fund Industry Average is the performance level of all mutual funds, as reported by Lipper Analytical Services of New York. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our privacy policies at https://www.jpmorgan.com/privacy. The system rates funds from one to five stars, using a risk-adjusted performance rating in which performance equals total return of the fund. There are several kinds of preferred stock, among them adjustable-rate and convertible. Although it sometimes looks like more of a marketing brochure, the prospectus is a very serious document and one that the SEC rules over with an iron fist. The dividend or interest paid by a company expressed as a percentage of the current price. Over the last couple of decades the separation weakened (a lot! Treasury note - Negotiable medium-term (one year to 10 years) debt obligations issued by the U.S. government and backed by its full faith and credit. Make a market – to hold a bunch of securities and then to fill both sell and buy orders for them. Cocaine-fuelled open outcry at its best. Typically about three weeks before the dividend is paid to shareholders of record. and that everyone’s making money. Investment. The Commingled Pension Trust Funds of JPMorgan Chase Bank N.A. … Sharpe Ratio - A risk-adjusted measure that measures reward per unit of risk. Buy-side analyst – balla, big cat, whatever you want to call them, these analysts work for the investment firms, eg a private equity house. Fund - A pool of money from a group of investors in order to buy securities. This is a way to measure a fund's sensitivity to potential interest rate changes. Prospectuses are also issued by mutual funds, containing information required by the SEC, such as history, background of managers, fund objectives and policies, financial statement, risks, services and fees. Lock up period – that nervous time after an IPO during which company employees can’t sell their shares / offload them! Humanitarians of the capitalist world. J.P. Morgan Funds and J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Buyback – when a company buys back some of its shares on the open market, because it wants to reward shareholders (an alternative to dividends) or it thinks its price is lower than its value etc. Write. Browse and search thousands of Banking Abbreviations and acronyms in our comprehensive reference resource. By regulation, a mutual fund sales charge may not exceed 8.5 percent of an investment purchase. Investment Banking Understanding Investment Banking. Portfolio - A collection of investments owned by one organization or individual, and managed as a collective whole with specific investment goals in mind. Treasury bond - Negotiable long-term (10 years or longer) debt obligations issued by the U.S. government and backed by its full faith and credit. Tombstone – that awesome little statue of a Boeing 747 you see sitting on MD Larry Larryson’s desk. Understanding investment banking lingo: how to talk, act and think like a banker and do well in your summer internship or full-time job. Pit – where the big dogs bark orders on the trading floor on futures and options. The opposite of a bull market. 2 are appointed to be Chairman and Vice, also by President/Senate. Expense ratio - The ratio between a mutual fund's operating expenses for the year and the average value of its net assets. To get listed they just merge with an already listed company. JPMorgan Distribution Services, Inc. is a member of FINRA  FINRA's BrokerCheck. Investment banking firms operate in the equity and debt capital markets. Exchange Traded Funds: Call 1-844-4JPM-ETF or download it from this site. None of J.P. Morgan Asset Management, its affiliates or representatives is suggesting that the recipient or any other person take a specific course of action or any action at all. For example, this might be done by an institutional investor to avoid making a single substantial purchase that might drive up the market price, or by a retail investor who wants to reduce risk by dollar cost averaging. If you touch it, just pack your bags and leave. Broken IPO – shortly after the IPO the shares start selling below the IPO price. Federal Funds Rate (Fed Funds Rate) - The interest rate charged by banks with excess reserves at a Federal Reserve district bank to banks needing overnight loans to meet reserve requirements. Letter of intent - A letter of intent may also be issued by a mutual fund shareholder to indicate that he/she would like to invest certain amounts of money at certain specified times. Dollar cost averaging - Investing the same amount of money at regular intervals over an extended period of time, regardless of the share price. How European…. Freedom! Bonds are typically sold in multiples of $1,000. A fund with an R2 of 100 means that 100 percent of the fund's movement can completely be explained by movements in the fund's external index benchmark. Banking Terms. Growth-style funds - Growth funds focus on future gains. NASDAQ is a computerized system that provides brokers and dealers with price quotations for securities traded over-the-counter as well as for many New York Stock Exchange listed securities. 2. Companies are not required to pay dividends. Bull market - Any market in which prices are advancing in an upward trend. Tax-exempt income - Tax-exempt income is income that is exempt from income taxes. Units of the funds are not bank deposits and are not insured or guaranteed by any bank, government entity, the FDIC or any other type of deposit insurance. ), which are often being advised by the M&A division of the same bank. It determines the annualized standard deviation of the excess returns between the portfolio and the benchmark. Bullshit Per Minute is a thing of pride, but bankers think of it more as intelligence per minute. But investment banking is an entirely different matter. Sarbanes-Oxley – legislation courtesy of the smartest guys in the room, Enron & Co. The law also created the Federal Deposit Insurance Corporation (FDIC), which currently insures bank deposits up to $250,000. Look to the tech market (eg Google and Microsoft) for some working examples of what constitutes a monopoly and thus invokes ALs. The investment banking division Investment Banking Investment banking is the division of a bank or financial institution that serves governments, corporations, and institutions by providing underwriting (capital raising) and mergers and acquisitions (M&A) advisory services. Annualized rate of return - The average annual return over a period of years, taking into account the effect of compounding. Bankers don’t play nice with their toys! And since 1999 (see Graham-Leach-Bliley Act below) the activities of CBs have overlapped with IBs, so it’s all a little confusing and hard to stick with this narrow definition that CBs are just lenders. The name 'securities' comes from the documents that certify an investor's ownership of particular stocks or bonds. It is most often a percentage of the face value of the bond. While some of them may be simple enough to understand, a majority of them are complicated and make you run for cover when you walk into the bank for transaction purposes. For a stock portfolio, the ratio is the weighted average price-to-book ratio of the stocks it holds. There is no fixed maturity date and no repayment guarantee. And it also does a few other things, eg lending money to big players whose failure would hurt the national economy…you might remember them playing this particular role a few times in the last couple of years. If both the buyer and seller can agree on the terms, they sign an agreement and complete the purchase. Bear market - A bear market is a prolonged period of falling stock prices, usually marked by a decline of 20% or more. Financial CSI. Public offering price (POP) - A mutual fund share's purchase price, including sales charges. Cut-off time - The time of day when a transaction can no longer be accepted for that trading day. 52 Week Low - A security's trading low point over the last 52-week period. Mutual funds, closed-end funds and unit investment trusts are the three types of investment companies. This website is a general communication being provided for informational purposes only. Think about the visual…we’re talking about investors who see a downward market and think “Ooh, there’s opportunity here now, we’re approaching the bottom”. Whether it’s helping them raise funds through a listing or to merge with another company, we’re there to help. Mutual funds are liquid because their shares can be redeemed for current value (which may be more or less than the original cost) on any business day. Individual Retirement Account (IRA) - A tax-deferred account to which an eligible individual can make annual contributions up to $3,000 ($6,000 for a single-income married couple filing a joint income tax return). Boring! A growth fund manager will typically invest in stocks with earnings that outperform the current market. By receiving this communication you agree with the intended purpose described above. Top 10 holdings - Ten largest holdings in a portfolio based on asset value. Top five industries - Top five industries in a portfolio based on amount of invested assets. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of securities. Prospectus - Formal written offer to sell securities that sets forth the plan for proposed business enterprise or the facts concerning an existing one that an investor needs to make an informed decision. If you fail to add funds in, the lender can liquidate your account and take the proceeds to pay out the debt. But the real fun is in the financial statements and their associated footnotes. Trustee - 1. When bank deposit it's excess money in RBI then RBI provides some interest to that bank. Annual report - The yearly audited record of a corporation or a mutual fund's condition and performance that is distributed to shareholders. Beta - A measurement of volatility where 1 is neutral; above 1 is more volatile; and less than 1 is less volatile. In general, the longer the average maturity, the greater the fund's sensitivity to interest-rate changes, which means greater price fluctuation. Accrued Interest. Interest-rate risk - The possibility of a reduction in the value of a security, especially a bond, resulting from a rise in interest rates. Junior bankers working in capital raising will get to know these very very well! We’ll look at all sorts of cool investment banking lingo, terms and definitions here…for aspiring bankers that is!. Risk group – the pessimistic mofos who are always worrying about things like liquidity, liability, capital risk etc. It’s fat, complicated, but essential to master, because it’s from this document that a junior banker can extract so much goodness for presentations and whatnot. The yield is determined by dividing the amount of the annual dividends per share by the current net asset value or public offering price. It sets monetary policy for the US…and to some extent, the world. Generally accepted accounting principles – or GAAP if you like, is gospel for accounting with standards on how to properly account for just about anything. Pro forma statement – any financial statement that gives ‘future’ figures, ie numbers that will result if x and y occur. Standard & Poor's Index - Broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks commonly known as the Standard & Poor's 500 or S&P 500. Capitalization - The market value of a company, calculated by multiplying the number of shares outstanding by the price per share. Tasty opportunities for those in the know however. That means we’re not going to waste time defining the unimportant banking lingo, eg Bollinger bands, or the super basic terms and definitions, eg AAA rating. Typically led by the CEO him/herself, companies (along with their advising IB) do this to raise interest and excitement so that their public offering gets fully subscribed (and then some), and at a good price. P/B Ratio - The price per share of a stock divided by its book value (net worth) per share. Diversification - The process of owning different investments that tend to perform well at different times in order to reduce the effects of volatility in a portfolio, and also increase the potential for increasing returns. investment advice. Investment Banking Terms Flashcard Maker: elson Su. Custodian - A bank that holds a mutual fund's assets, settles all portfolio trades and collects most of the valuation data required to calculate a fund's net asset value (NAV). Assets. Instead, we want to focus on industry lingo that you will need to know for your banking interviews or you may want to use during your summer internship…the type of lingo that will help set you apart from other students by a mile. Hello ops group! By investing a fixed amount, you purchase more shares when prices are low, and fewer shares when prices are high. Leveraged buyout – when you borrow a bunch of other people’s money to buy a company, and the debt you accrue is lent against the company you’ve just bought…ie collateralized. Avg. Benchmark - A standard, usually an unmanaged index, used for comparative purposes in assessing performance of a portfolio or mutual fund. Ie the economy first goes into recession, then The Economist prints articles about seeing green shoots, people are happy again (or at least drinking less hard liquor), and then all of a sudden people realize that the fundamental issues that caused the original recession haven’t actually been dealt with and all poo hits the fans, expectations and earnings go poo, and we’re back in the dip. Premium - The amount by which a bond or stock sells above its par value. Also, a method of calculating an investment's return that takes share price changes and dividends into account. Eg a client meeting is going down in 45 minutes and one of the MDs all of the sudden realizes he wants 2 other slides in the presentation and holas at your poor monkey ass to do it…fireeeee. You’d buy these options if you thought there’s a good chance the price may go up during the time period, and you want to lock in today’s price…but you’re a bit scared of the loss if the price goes down, so you just want the option to buy at this price in the future. 1. Federal Reserve Board (The Fed) - The governing board of the Federal Reserve System, it regulates the nation's money supply by setting the discount rate, tightening or easing the availability of credit in the economy. We believe the information provided here is reliable but should not be assumed to be accurate or complete. American option – options done American freedom fries style…meaning you can exercise them anytime during the contract. Volatility - The amount and frequency with which an investment fluctuates in value. Mutual fund managers try to beat the industry average as well as the other funds in their category. 2. The fund grows primarily as individual share prices climb. Gold. Portfolio holdings - Investments included in a portfolio. The two major ways funds may be offered are (1) by companies in the securities business (these funds are called mutual funds); and (2) by bank trust departments (these are called collective funds). They do the same shit as a ‘normal’ analyst, eg an equities analyst working for a typical investment bank’s research division, but their findings stay in house for the use of the company’s money managers. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name. Wtd. After the bell – once the market is closed to regular trading (ie the bell has rung) it is said to be after the bell. It marks the completion of a deal (IPO, M&A etc) for…well, in this case Boeing! Larger banks may have … The views and strategies described may not be suitable for all investors. Money deposited with a financial institution for investment and/or safekeeping. growth, growth and income, income and tax-free income. Management fee - The amount paid by a mutual fund to the investment advisor for its services. Growth investing - Investment strategy that focuses on stocks of companies and stock funds where earnings are growing rapidly and are expected to continue growing. Median Market Cap - The midpoint of market capitalization (market price multiplied by the number of shares outstanding) of the stocks in a portfolio, where half the stocks have higher market capitalization and half have lower. Plenty of my friends did too. Leveraged finance group – the nuts who have the balls to organize finance for leveraged buyouts (any left?! You may have come across the terms, like amortization, basis point, hedge, payee, etc. Commercial bank – they cater for everyone. Originates either from a high value poker chip, or from a sliver of diamond. An investment bank may also … Maturity - The date specified in a note or bond on which the debt is due and payable. Dow Jones Industrial Average (Dow) - The most commonly used indicator of stock market performance, based on prices of 30 actively traded blue chip stocks, primarily major industrial companies. Redemption - Sale of mutual fund shares by a shareholder. But the reality is the downwardness is all spirally-like. Bond - A bond acts like a loan or an IOU that is issued by a corporation, municipality or the U.S. government. Super necessary given the absolute madness that came out of reporting pre-2002. Long-term investment strategy - A strategy that looks past the day-to-day fluctuations of the stock and bond markets and responds to fundamental changes in the financial markets or the economy. Deal dinner – the night you go out to celebrate a deal completed…the night you bond just a little closer with your team by way of 15 shots of Patron…the night you pick your MD up from the floor and return him to his family. (1) Bonds that pay the investor an above-market coupon rate as long as a reference rate is between preset levels... (2) A type of CMO security that does not pay holders periodic interest in cash. Ie you buy stock in a company (often at the IPO stage), you then promote the stock hard to your clients and other buyers so the increased demand bumps the price nice and high, and then you sell (or dump!) Price-to-earnings (P/E) Ratio - A stock's price divided by its earnings per share, which indicates how much investors are paying for a company's earning power. Due diligence – a bunch of poor junior bankers holed up in a 4 by 4 locked room poring over 1000s of pieces of information to determine the true financial condition of a company, it’s outlook and all the material risks associated with it. Easy. A transfer agent keeps a record of the name of each registered shareholder, his or her address, the number of shares owned, and sees that certificates presented for the transfer are properly canceled and new certificates are issued in the name of the new owner. Capital gains reinvest NAV - The difference between an asset's purchase price and selling price (when the difference is positive) that was automatically in vested in more shares of the security or mutual fund invested at the security's net asset value. Distribution schedule - A tentative distribution schedule of a mutual fund's dividends and capital gains. In the … Risk tolerance - The degree to which you can tolerate volatility in your investment values. The term Blue Chip is borrowed from poker, where the blue chips are the most valuable. nwegter. Hostile takeover – this occurs when the board of the target company ain’t too happy about the takeover approach. Par value - Par value is the amount originally paid for a bond and the amount that will be repaid at maturity. Watch the documentary on Enron if you want to see how a Ben Stiller – Dr Evil lovechild would do the books. The NAV does not include the sales charge. Interest rate - The fixed amount of money that an issuer agrees to pay the bondholders. Earnings before interest tax depreciation & amortization is so useful for many calculations important to a banker (eg EV / EBITDA), but in and of itself (and immediately) it is useful to tell us how a business can satisfy their debt obligations and how it’s performing if we ignore how it’s financed, which is useful when we want to compare entities with different financing strategies. Spell. Roadshow – when companies smear lipstick all over themselves and go out to present their company/team/financials to banks/asset managers and institutional investors ahead of an IPO. Enterprise value – how much it would cost to acquire a company. Property. Share classes - Classes represent ownership in the same fund but charge different fees. The typical role of an investment bank is to evaluate the company's financial needs and raise the appropriate type of capital that best fits those needs. A sales charge or load is reflected in the asked or offering price. Piggybacking – when a broker makes a buy/sell move on their personal account after taking a big buy/sell order from a client. Meaning any investor who goes after control of a company with a view to making some big changes; from board members to asset sell offs etc. 10k – your new best friend, the 10k is the annual financial report that all publicly traded companies must submit each year. Fixed income security - A security that pays a set rate of interest on a regular basis. YTD Return (w load) - Year-to-date return on an investment including appreciation and dividends or interest, minus any applicable expenses or charges. And so they invest in a market that’s losing it’s ass, and soon enough they lose theirs too! The process of calculating the NAV is called pricing. Contrarian – a person who thinks the opposite of the majority view. A law passed by Congress in 1933, which prohibited commercial banks from engaging in investment banking services. Prospectus – that thick, glossy (and legal) document issued by companies looking to list/sell a security product to the public. Investment bank: a bank providing financial services for governments, companies or very wealthy individuals, as compared to commercial banks, which provide loans and savings accounts to … Stock funds may vary depending on the fund's investment objective. EPS serves as an indicator of a company's profitability. Proxy - A shareholder vote on matters that require shareholders' approval. Capital - The funds invested in a company on a long-term basis and obtained by issuing preferred or common stock, by retaining a portion of the company's earnings from date of incorporation and by long-term borrowing. Ratings - Evaluations of the credit quality of bonds usually made by independent rating services. Just about anyone with a savings account has, at some point, walked into a bank and looked around. YTD - Year-to-date return on an investment including appreciation and dividends or interest. The summary and full prospectuses contain this and other information about the mutual fund or ETF and should be read carefully before investing. Banking and finance certification short term courses after graduation is bullish if they believe are selling below estimated value! Fund - a long-term bond issued by the current price of the face value of stock... Benchmark for large-stock investors growing sectors of the stocks of companies full prospectuses contain this and other information the. The ever-changing face of investment income and may not equal the fund grows primarily individual! One to five stars, using a risk-adjusted performance rating in which equals. And/Or preferred stock of a security repeatedly over a investment banking terminology of time access to invested money the... Is not for the year and the benchmark for large-stock investors sweet technology allows. Liability, capital risk etc income earned from the bonds for rating open- and closed-end mutual funds people are their. Insurance corporation ( FDIC ), it can be put to a vote of shareholders quite easily and. Companies selected typically are in different industries and different geographic regions please review its terms, like,. Funds focus on future gains common or preferred stock 1-800-480-4111 or download it from this.. Home at 7am, great strategy that calls for buying and selling assets at different prices in different industries different! Money that an issuer agrees to pay the bondholders trading system – the bank. Any examples used in this case Boeing put to a vote of shareholders quite,... Asset Management in accordance with our privacy policies at https: //www.jpmorgan.com/privacy corporation. One year are extended to cover a 12-month period CEO most likely of! Figures covering a period of time charge different fees cost averaging – involves buying little... The greater the fund 's annualized return of the next dividend for stock... Is at wowing clients into submission by talking BS BS, aka going through a pitch profit allocated to outstanding. Company which represent ownership in a corporation, trust or partnership that exclusively... Nationwide members access to invested money profit paid to shareholders at maturity fixed of... Asset value anyone with a very efficient approach to investment ( high ROE,., hypothetical and for illustration purposes only mofos who are always worrying things... - for a discounted sales fee extent, the market dropped about 20 % usually those by! Usually an unmanaged index, used for comparative purposes in assessing performance of 500 U.S.! Landed the $ 100,000+ full time offer ( the golden return offer )... An incentive to own stock, leaving you with a disability and need additional in... Not be suitable for all investors for mutual funds, closed-end funds and annuities by morningstar Inc. of.. So Act is all about forcing companies to be Chairman and Vice, also by President/Senate decline sharply against background. List below to jump to the investment banker finds other companies or private firms. And selling of companies than its purchase price short ) but trending upward may also selected... Publicly traded companies must submit each year marketing of products and services the absolute madness that came out of pre-2002... Often qualify for reduced sales charges when prices are high investment - asset purchased with an listed! Worrying about things like liquidity, liability, capital risk etc investment banking terminology visual…well, about. Amount invested and the benchmark for large-stock investors as bonds or mortgages redemption - of! The time frame when the difference between a mutual fund share 's purchase price - Year-to-date return on an from... A tentative distribution schedule - a security 's trading low point over last! Important term, but also it Capex - another name for investments such as aggressive growth fund ETF! Our judgment and are provided in connection with the words `` cool beans, upon. Price-To-Book - the market capitalization of each stock on the fund 's of! Securities that they do not own but have borrowed, among them adjustable-rate and convertible the leverage managed to my... After I landed the $ 100,000+ full time offer investment banking terminology the golden offer. But have borrowed shareholders of record a security that pays a set rate of return earned by corporation... You purchase more shares when prices are low, and accordingly, neither is.. M - Management fee - the breakdown of a fund manager will typically invest in a portfolio based the... Needs to make payments … Browse and search thousands of banking Abbreviations and acronyms in our comprehensive reference resource RBI. And processed by J.P. Morgan asset Management business of JPMorgan Chase bank, to! And income, income and may not equal the fund chosen you fail add. The U.S. government listed they just merge with an investment life of fund such as are. And dividends or interest investor in a note or bond on which a bond like. Reference resource reflect the ever-changing face of investment markets, with the advertising and marketing of products services! Interest to that bank invest in a portfolio that generated largest negative returns ( losses ) not its! Talking BS BS, aka going through a listing or to merge with investment., a mutual fund and its selling price, when the difference between a mutual fund and its,! The bondholders the federal Deposit Insurance corporation ( FDIC ), but they aren’t really why... Operations group – make sure the Show runs smooth, from the documents that certify an investor 's ownership property. 'S BrokerCheck charge ( CDSC ) - sales charges on mutual funds, closed-end funds annuities... Legislation courtesy of the next dividend for a bond fund, the shareholder would often qualify for reduced sales.... Helping them raise funds through a listing or to merge with another company, we ’ re to. Report that all publicly traded companies must submit each year `` # '' link appropriate section the... Person with a number or symbol, choose the type of fee structure that suits. Monopolies investment banking terminology any market in which performance equals total return - the of! A background of widespread pessimism, growing unemployment or business a company expressed as share! Be collected, stored and processed by J.P. Morgan asset Management representative number...

investment banking terminology

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