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Day Trade
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Executing a buy order and a sell order on
the same stock within the same day.
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Dealer Agreement
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Established between the investment company
and a broker-dealer that allows the broker-dealer to buy and sell their
family of funds.
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Death Put
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Estate feature that allows an estate to
redeem a CD prior to maturity at par in the event of a death or legal
incompetence of the owner.
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Debit Balance
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Money a margin customer owes a broker for
loans to purchase securities.
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Debt Instruments
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Written promise to repay a debt; for example,
a bill, note, bond, certificate of deposit or commercial paper.
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Default Risk
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The risk that companies or individuals will
be unable to pay the contractual interest or principal on their debt
obligations.
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Deliverable
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The asset in an option contract that will be
delivered in the future at an agreed-upon quantity of shares or price.
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Depositor (Grantor)
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The individual who establishes an account.
This person is responsible for verifying his or her eligibility to make a
contribution.
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Designated Beneficiary
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In the case of a Coverdell ESA, this is the
minor student. This individual must be under the age 18. They are responsible
for taking distributions out of the account for higher education expenses
prior to reaching the age of 30.
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Direct AccessNotes(DAN's)
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A straight forward fixed-income security
specifically designed to permit individual investors to participate in
original offerings of large U.S. corporations and are offered through broker-dealers.
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Direct Rollover
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When an eligible rollover distribution moves
directly from the qualified plan into an IRA maintained at a financial organization
designated by the individual.
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Distribution
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In relation to an IRA, a withdrawal of
assets from an IRA account.
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Dividends
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A distribution of earnings to stockholders, prorated
by class of security and most commonly paid in the form of cash or stock.
The amount is decided by the board of directors and is usually paid
quarterly. Dividends must be declared for tax purposes in the year they are
received.
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DJIA
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An abbreviation for Dow Jones Industrial
Average, a price-weighted average of 30 actively traded blue-chip
stocks that typically trade on the New York Stock Exchange.
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Dollar Cost Averaging
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Method of accumulating assets by investing a
fixed amount of dollars in securities at set intervals.
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Dutch Auction
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Auction system in which the price of an item
is gradually lowered until it meets a responsive bid and is sold. US
Treasury bills are sold in this manner.
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