Glossary

#

401(K) Plan

A

Absorbed Account
Accelerated Cost Recovery System (ACRS)
Accelerated Depreciation
Accelerator
Accountants Opinion
Account Fee
Accredited Investor
Accretive
Accrual Bonds
Accrued Interest
Accrued Market Discount
Accumulated Dividend
Accumulation
Acquisition Cost
Active Box
Adjustable-Rate Mortgage (ARM)
Adjusted Basis
Adjustment Bond
Administrator
Advance Fee Fraud
Adverse Opinion
Advisory Board
Affinity Fraud
After-Hours Dealing or Trading
Against The Box
Age Fail
Agency
Agency Debt or Agency Security
Air Pocket Stock
Alligator Spread
All or None Offering
Alpha Coefficient
Alternative Assets
Alternative Minimum Tax (AMT)
American Depositary Receipt (ADR)
Amortization
Anchor
Angel Fund
Angel Investor
Ankle Biter
Annual Basis
Annual Meeting
Annual Report (10K)
Annual Return
Anticipation
Antidilution Provisions
Any-And-All Bid
Arbitrage
Arrearage
Articles Of Incorporation
Ascending Tops
Asset Allocation
Asset-Backed Loan
Asset-Backed Security (ABS)
At Par
Audited Statement
Authorized Shares
Automatic Conversion
Average Down
Average Up

B

Baby Bond
Back-End Load
Backing Away
Back-Testing
Back-Up In The Stock Market
Bailing Out
Balance Sheet
Balloon Payment
Bank Holding Company
Bank Mail
Bankruptcy
Barbell Portfolio
Barbell Strategy
Basis Point
Bear Hug
Bear Market
Bear Raid
Bear Trap
Bellwether
Benchmark
Benchmarking
Best Alternative to a Negotiated Agreement (BATNA)
Best Efforts
Beta Coefficient
Beta Test
Black Friday
Black-Scholes Option Pricing Model
Blind Trust
Blue Chip
Blue Sky Laws
Board Of Directors
Board of Governors of the Federal Reserve System
Bond
Bond Ratio
Bond Swap
Bonus Credits
Book Value
Bootstrap
Bootstrapping
Bottom-Up Approach To Investing
Break
Bridge Financing
Broad-Based Weighted Average Anti-dilution Protection
Brokers
Bullet Payment
Bull Market
BurnOut/CramDown
Burn Rate
Business Development Company (BDC)
Business Plan
Business Trust
Butterfly Spread
Buying Long
Buying on Margin
Buy on the Bad News
Buyout
Bylaws

C

Callable Bond
Callable CD
Call Date
Call Option
Call Premium
Call Protection
Capital Account
Capital Asset Pricing Model (CAPM)
Capital Call
Capital Gains
Capitalization Rate
Capitalization Table
Capitalize
Capital Ratio
Capital Stock
Capital Under Management
Captive Funds
Carried Interest
Cash Position
Catch-Up
Cats and Dogs
Chapter 11
Chapter 7
Chasing The Market
Chief Compliance Officer (CCO)
Churning
Circuit Breakers
Claim Dilution
Clawback
Closed-End Fund
Closing
Co-Investment
Collar
Collateral
Collateralized Debt Obligation (CDO)
Collateralized Debt Obligation Squared - CDO-Squared
Committed Capital
Committee on Union Security Identification Procedures (CUSIP)
Commodities Exchange Act of 1936 (CEA)
Commodity Futures Trading Commission (CFTC)
Common Stock
Company Act ('40 Act)
Compliance Program
Compound Annual Growth Rate (CAGR)
Conforming Loan
Consolidation
Contingent Deferred Sales Load
Contingent Liability
Control
Conventional Convertible Preferred Stock
Conversion Ratio
Conversion Rights
Convertible Security
Corporate Charter
Corporate Governance
Corporate Reports
Corporate Resolution
Corporate Venturing
Corporation
Co-Sale Provisions or Rights
Coupon
Coupon Payment
Covenant
Coverage Ratio
Cram Down
Creation Unit
Credit Default Swap (CDS)
Credit Rating Agencies
Credit Spread
CTO
Cumulative Dividends
Cumulative Preferred Stock
Cumulative Voting
Cumulative Voting Rights

D

Daisy Chain
Date Of Issue
Day Trader
Dead Cat Bounce
Deal Flow
Deal Structure
Death Valley Curve
Debenture
Debit Spread
Debt Instrument
Debt-to-Equity Ratio
Default
Default Risk
Defeasance
Deferred Annuity
Deficiency Letter
Defined Benefit Plan
Defined Contribution Plan
Deflation
Delaware Revised Uniform Limited Partnership Act (DRUPLA)
Delaware Revised Uniform Limited Partnership Act (DRUPLA)
Delisting
Demand Registration Resale
Demand Rights
Depreciation
Derivatives
Dilution
Dilution Protection
Director
Disbursement
Disclosure Documents
Discount Note
Discount Rate
Distressed Debt
Distribution
Distribution Fees
Diversification
Dividend
Dodd-Frank
Down Round
Drag-Along Rights
Dry Powder
Due Diligence

E

Early Stage
Early Withdrawal
Earned-Out
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)
Earnings Per Share
Earnings-Price Ratio
Eating Stock
Economic Growth Rate
Economic Indicators
Economies of Scale
Effective Debt
Effective Rate
Electronic Data Gathering Analysis and Retrieval (EDGAR) Database
Elevator Pitch
Employee Retirement Income Security Act of 1974 (ERISA)
Employee Stock Option Plan (ESOP)
Enrollment Fee
Equalizing Dividend
Equity
Equity Carve-Out
Equity Kicker Option
Evergreen Promise
Exchange Fee
Exchange-Traded Fund (ETF)
Exercise Price
Exits (a.k.a. Divestments or Realizations)
Exit Strategy
Expense Ratio

F

Face Value
Factoring
Fair Market Value (FMV)
Fairness Opinion
Fallen Angels
Family Office
Fannie Mae
Federal Funds Rate
Federal Reserve Act
Feeder Fund
FICO Credit Score
Financial Accounting Standards Board (FASB)
Financial Industry Regulatory Authority (FINRA)
Financial Planner
Financial Product
Financial Pyramid
Firewall
First Close
First Preferred Stock
First Refusal Rights
Fixed Annuity
Fixed Rate Bond
Flipping
Float
Floating-rate Bond (or Variable or Adjustable rate Bond)
Floor
Flotation
Follow-On
Follow-On Funding
Forced Buyback
Foreign Corrupt Practices Act
Foreign Exchange
Foreign Exchange Markets
Form 10-K
Form 10-KSB
Form 8-K
Form S-1
Form S-2
Form S-4
Form SB-2
Founders' Shares
Founder Vesting
Fraudster
Freddie Mac
Free Cash Flow
Freedom to Operate Opinion
Free-Look Period
Freeze Out
Full Ratchet Antidilution
Fully Diluted Earnings Per Share
Fully Diluted Outstanding Shares
Fund Age
Fund Focus
Fund Manager
Fund of Funds
Fund Size
Futures Contract
Futures Market
Future Value

G

Gap
Gate
Gatekeeper
Gather In The Stops
Gazelle
Generally Accepted Accounting Principles (GAAP)
General Obligation Bond
General Partner Clawback
General Partner Contribution
General Partner (GP)
Glass-Steagall Act Of 1933
Global Depositary Receipt (GDR)
Going Private
Golden Handcuffs
Golden Parachute
Government-Sponsored Enterprise (GSE)
Green Mail
Gross Spread
Growth Capital
Growth Fund

H

Haircut
Half-Stock
Harvest
Hedge Clause
Hedge Fund
Hedge/Hedging
Hedge Wrapper
High-Premium Convertible Debenture
High Water Mark
High-Yield Investment Programs
Hockey Stick Projections
Holding Company
Holding Period
Horizon Analysis
Hostile Takeover
Hot Issue
House Call
Hurdle Rate
Hypothecation

I

I-Bonds
Identified Shares
Illegal Dividend
Illiquid
Imbalance Of Orders
Immediate Family
Immediate or Cancel Order
Immediate Payment Annuity
Impaired Capital
Impaired Credit
Inactive Stock/Bond
Incentive Fee
Incentive Reallocation
Incentive Stock Option (ISO)
Incestuous Share Dealing
Income Bond
Income Investment Company
Income Mutual Fund
Income Stock
Incremental Cash Flow
Incremental Cost of Capital
Incubator
Independent Director
Index Bond
Index Fund
Index Options
Indicated Yield
Indicator
Inefficiency in the Market
Inflation Rate
Information Rights
Initial Margin
Initial Public Offering (IPO)
In Play
Inside Market
Insolvency
Institutional Investors
Intellectual Property
Interdelivery Spread
Interest
Internal Rate of Return (IRR)
Internet Fraud
Inverse Floater
Inverted Yield Curve
Investment Adviser (Investment Manager)
Investment Bankers
Investment Company Act of 1940
Investment Letter
Investment Management Agreement
IRA Rollover
Issued Shares
Issue Price
Issuer

J

January Effect
J-Curve Effect
Joint Stock Company
Joint Venture
Jumbo Loan
Jumpstart Our Business Startups Act (JOBS Act)
Junior Security
Junk Bond
Junk Debt

K

Kentucky Windage
Key Employees
Key Man Clause
Keynesian Economics
Kicker
Killer Bees
Kiting

L

Laffer Curve
Lapsed Option
Large Cap
Last In, First Out (LIFO)
Later Stage
Lead Investor
Lemon
Leveraged Buyout (LBO)
Leveraged Recapitalization
Leverage Ratio
Liability/Debt
Liar Loan
LIBOR (London Interbank Offered Rate)
Lifecycle Funds
Lifestyle Firms
Lifting A Leg
Limited Liability Company (LLC)
Limited Partner Clawback
Limited Partner (LP)
Limited Partnership Agreement (LPA)
Limited Partnerships
Limited Risk
Limit Order
Liquidation
Liquidation Preference
Liquidity Event
Liquidity (Marketability)
Load
Load (Sales Charge)
Loan Syndication
Lock-Up Period
Loss Carryforward
Lost and Stolen Securities Program
Lower Quartile

M

Maintenance Fee
Majority Shareholder
Maloney Act
Management Buy-In
Management Buyout
Management Fee
Management Team
Mandatory Redemption
Margin
Margin Account
Margin Call
Marketable Securities
Market Capitalization
Market Index
Market Maker
Market Standoff Agreement
Mark-To-Market
Master-Feeder Fund
Master Fund
Merchant Banking
Merger
Mezzanine Financing
Mezzanine Level
Microcap Stock
Middle-Market
Middle-Market Firms
Misery Index
Money Markets
Mortgage Backed Security (MBS)
Most Favored Nation (MFN)
Mutual Fund

N

Narrow-Based Weighted Average Anti-dilution Protection
Narrow-Based Weighted Average Ratchet
NASDAQ
National Venture Capital Association (NVCA)
Negative Amortization
Negative Cash Flow
Negative Equity
Negative Working Capital
Negative Yield Curve
Net Asset Value (NAV)
Net Financing Cost
Net Income
Net IRR
Net Present Value (NPV)
Newco
New Issue
New Issues Rule
New York Stock Exchange (NYSE)
No-Action Letter
No-Fault Divorce
No-Load Stock
Non-accredited Investor
Noncallable
Non-Compete Clause
Noncumulative
Non-Disclosure Agreement (NDA)
Non-Recourse Loan
Nonvoting Stock
No-Par-Value Stock
No Shop, No Solicitation Clauses

O

Offering Documents
Open-end Company
Open Market Operations
Operating Expenses
Option
Option ARM
Option Pool
Order Splitting
Original Issue Discount (OID)
Orphan Stock
OTC Margin Stock
Out of Line
Outside Member of the Board
Outstanding Stock
Overheating
Oversubscription
Oversubscription Privilege
Over-the-Counter Market (OTC)
Overvalued

P

Paid-In Capital
Paper Profit or Loss
Pareto's Distribution
Pari Passu
Parking
Participating Preferred Stock
Participation
Partnership
Pass-Through Security
Payback Period
Payment in Kind Debt Securities (PIK)
Payment in Kind (PIK) Interest or Dividends
Payout Ratio
Pay-to-Play
Pegging
Penny Stocks
Pension Fund
Pension Reversion
Perpetual Warrant
Piggybacking
Piggyback Registration
Pink Sheets
Placement Agent
Plain English Handbook
Plowback
Plum
Poison Pill
Ponzi Scheme
Pooled Investment Vehicle (PIV)
Pooled IRR
Portfolio
Portfolio Companies
Positive Yield Curve
Post-Money Valuation
Preemptive Right
Preference Shares
Preferred Dividend
Preferred Return (Hurdle Rate)
Preferred Stock
Preferred Stock Ratio
Premium
Premium Raid
Pre-Money Valuation
Prepayment
Prepayment Risk
Present Value (PV)
Price/Book Ratio
Price/Earnings Ratio
Price/Earnings Ratio (PE)
Primary Market
Prime Bank Fraud
Private Equity
Private Investment Fund
Private Investment In Public Equities (PIPES)
Private Letter Ruling
Private Placement
Private Placement Memorandum (PPM)
Private Securities
Profit Center
Pro Forma
Promissory Note
Proprietary Rights
Prospectus
Proxy Statement
Proxy Voting
Public Offering
Pullback
Pump and Dump
Purchase Fund
Purchasing Power
Put-Call Ratio
Put Option
Pyramid Schemes

Q

Qualified Professional Asset Manager (QPAM)
Qualified Stock Option
Quarterly Reports (10Q)
Quasi-Public Corporation
Quorum

R

Ratchet
Real Estate Investment Trust (REIT)
Real Return
Rebalancing
Recapitalization
Reconfirmation
Redeemable Preferred Stock
Redemption
Redemption Fee
Red Herring
Registered Investment Adviser (RIA)
Registered Offering
Registration
Registration Rights
Registration Statement
Regulation A
Regulation B
Regulation C
Regulation D
Regulation D Offering
Reorganization or Corporate Reorganization
Restricted Securities
Restricted Shares
Reverse Engineer
Reverse Stock Split
Revlon Duties
Right of First Refusal (ROFR)
Rights Offering
Risk
Risk Tolerance
Roth 401(k) Plan
Rule 144
Rule 144A
Rule 147
Rule 504 of Regulation D
Rule 505 Of Regulation D
Rule 506 of Regulation D

S

Say-on-Pay Vote
S Corporation
Secondary Funds
Secondary Market
Secondary Market Offering
Section 1035
Section 13(3)
Securities
Securities Act of 1933
Securities Act of 1934
Securities and Exchange Commission (SEC)
Seed Money
Seed Stage Financing
Senior Debt
Senior Securities
Series A Preferred Stock
Series A Round
Series B Round
Shell Corporation
Short Selling
Side Letters
Small Business Administration (SBA)
Small Business Innovation Development Act of 1982
Small Business Innovation Research Program (SBIR)
Small Business Investment Company (SBIC)
Special Purpose Acquisition Company (SPAC)
Special Purpose Vehicle
Spin Out
Staggered Board
Stalking Horse
Statutory Voting
Stock Options
Strategic Investors
Stress Test
Subordinated Debt
Subscription Agreement
Subscription Booklet
Suspension Event
Sweat Equity
Syndicate
Syndicate Underwriting
Systemic Risk

T

Tag-Along Rights/Rights of Co-Sale
Takedown Schedule
Tangible Net Worth
Target Multiples
Tax-Free Reorganizations
Tax Matters Partner (TMP)
Tender Offer
Term Sheet
The National Association of Securities Dealers (NASD)
The Securities Exchange Act of 1934
Time Value of Money
Trade Sale
Tranche
Treasury Stock
Treasury Stock Method
Troubled Asset Relief Program (TARP)
Trust Indenture

U

Underwriter
Underwritten Offering
Unit Offering
Unrelated Business Taxable Income (UBTI)
Upper Quartile
Up Round

V

Valley of Death
Vaporware
Venture Capital Financing
Venture Capitalist
Venture Debt
Vesting Schedules
Vintage Year
Voluntary Redemption
Voting Right

W

Warrant
Wash-Out Round
Weighted Average Antidilution
White Knight
Williams Act of 1968
Withdrawal
Workout
Write-Off
Write-Up/Write-Down

X

No Terms

Y

No Terms

Z

No Terms