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Accrued Interest
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Interest that has accumulated between the
most recent payment and the sale of a bond or other fixed-income security.
At the time of sale, the buyer pays the seller the bond's price in addition
to accrued interest, calculated by multiplying the coupon rate by the
number of days that have elapsed since the last payment.
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Affidavit of Domicile
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Document or written statement made by the
executor of an estate which certifies the decedent's place of residence at
the time of death. Before securities can be transferred from an estate, it
must be verified that no liens exist against them in the home state of the
decedent.
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Amortization
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Accounting procedure that progressively
reduces the cost value of a limited life or intangible asset through
periodic charges to income.
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Alternative Minimum Tax (AMT)
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Federal tax aimed at ensuring wealthy
individuals, trusts, estates and corporations pay at least some income tax.
There are separate calculations for individuals and corporations.
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Annuity
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Form of contract sold by life insurance
companies that guarantees a fixed or variable payment to the annuitant at
some future time, usually retirement.
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All-Or-None
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A qualifier used to signify that no partial transaction
is to be executed. The order will not be filled unless the full number of
shares are available to be bought or sold at your requested price at the
same time.
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Annual Percentage Rate (APR)
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Cost of credit that consumers pay, expressed
as a simple annual percentage rate.
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Ask
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Price at which a security or commodity is
offered for sale on an exchange or in the over-the-counter market. Generally,
it is the lowest round lot price at which a dealer will sell.
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Automatic Reinvestment
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Mutual fund term used to describe a fund
service giving shareholders the option to purchase additional shares using dividends
and capital gain distributions.
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