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Official Statement
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The municipal bond equivalent of a prospectus.
It provides full details of a bond offering.
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Open-End Investment Company
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The legal name for a mutual fund, indication
that it stands ready to redeem (or buy back) its shares from investors.
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Open Interest
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Total number of contracts in a commodity or
options market that are still open; that is, they have not been exercised,
closed out or allowed to expire.
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Open Order
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A buy, sell, buy to cover or sell short
order that has been placed, but not executed.
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Option Class
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Refers to all options of the same type (call
or put) on the same underlying security are considered as being of the same
class.
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Option Contract
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A right to buy or sell stock granted in
exchange for an agreed upon amount. If the right is not exercised by a
specified amount of time, the option expires and the option buyer forfeits
the money.
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Option Series
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All options of the same class, exercise
price and expiration month are in the same series.
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Option Type
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Identification of call and put options.
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Original Issue Corporate Bonds
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Corporate issues being offered for the first
time.
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Original Issue Discount (OID)
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Discount from par value at the time a bond
or other debt instrument is issued.
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Over-The-Counter (OTC)
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Market in which securities transactions are
conducted through a telephone and computer network connecting dealers in
stocks and bonds, rather than on the floor of a physical exchange.
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