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P
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Par
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Equal to the nominal face value of a
security.
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Payable Date
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Date on which a declared stock dividend or a
bond interest payment is scheduled to be paid to shareholders.
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Penny Stock
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Stock that typically sells for less than
$1.00 per share. Penny stocks are issued by companies with a short or
erratic history of revenues and earnings, and are therefore considered to be
more volatile and involve more risk than those of large, well-established companies.
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Pink Sheet
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An OTC Bulletin Board stock that is not
quoted in the daily newspaper listings of the Nasdaq Stock Market.
"Pink Sheets" is a daily publication of the National Quotation
Bureau that details the bid and ask prices of these stocks. The Pink Sheets list penny stocks.
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Preferred Stock
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Class of capital stock that pays dividends
at a specified rate and that has preference over common stock in the
payment of dividends and the liquidation of assets. Preferred stock usually
does not carry voting rights.
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Premium (bonds)
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Amount by which a bond sells above its face
(par) value.
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Premium
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The cash price that the option buyer pays to
the option writer.
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Principal
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Basic amount invested, exclusive of
earnings.
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Prospectus
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Formal written offer to sell securities that
sets forth the plan for a proposed business enterprise or the facts
concerning an existing one that an investor needs in order to make an
informed decision.
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Public Offering Price
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Price at which a mutual fund's shares can be
purchased. The Ask or Offering price includes the current net asset value
plus any sales charge (load).
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Purchasing Power
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Amount of credit available to a customer in
a brokerage account for the purchase of additional securities. Determined
by the dollar amount of securities that are marginable.
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