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Record Date
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Date on which a shareholder must officially
own shares in order to be paid a dividend.
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Redeem
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To cash in mutual fund shares by selling
them back to the fund. Deferred sales charges may apply.
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Refund Bonds
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Retirement of an existing bond issue through
the sale of a new bond issue.
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Regulation T
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Federal Reserve Board regulation covering
the extension of credit to customers by securities brokers, dealers, and
members of the national securities exchanges. It establishes initial margin
requirements and defines registered, unregistered and exempt securities.
Currently, Regulation T requires that a customer pay for 50% of an initial
purchase with their own funds.
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Retail Notes
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Weekly corporate offerings designed to allow
the investing public to purchase original issue corporate bonds directly from
major US corporations.
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Revenue Bonds
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Bond issued to finance public works such as
bridges or tunnels or sewer systems and supported directly by the revenues
of the project.
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Reverse Stock Split
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Procedure whereby a corporation reduces the
number of shares outstanding. The total number of shares will have the same
market value immediately after the reverse split as before it, but each
share will be worth more.
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Rights of Accumulation
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Regarding mutual funds. Discount on future
purchases once a break point is reached.
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Rollover
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A tax-free movement of cash or other assets
from one retirement plan to another. A rollover may occur between like
IRA's, or between a tax-sheltered annuity or QRP and a Traditional IRA.
With a rollover, usually the IRA holder receives the money or property
before rolling it into an IRA. A rollover is a reportable transaction.
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Roth IRA
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IRA created by the Taxpayer Relief Act of 1997
permitting account holders to allow their capital to accumulate tax free
under certain conditions. Participants do not get the deductions for
contributions made. However, earnings and principal can be withdrawn
completely tax free after age 59 ½ as long as the assets have remained in
the IRA for at least 5 years after making the first contribution. Income
and other limitations apply.
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