Contributors in Funds

Funds

accrued interest/dividend

Financial services; Funds

Interest or dividend calculated from the date of the last coupon date or stock dividend, that has been earned but that has not yet been paid. Usually, a buyer must pay accrued interest/dividend to ...

debit balance

Financial services; Funds

The amount of funds that you owe to Merrill Lynch for transactions made in your account.

asset under management

Financial services; Funds

Any assets in an FAs book.

browser

Financial services; Funds

A software application that permits viewing and searching of Internet content (typically text, static images, or graphics) randomly at the user's discretion.

bull market

Financial services; Funds

Prolonged rise in the prices of stocks, bonds or commodities. Bull markets usually last at least a few months and are characterized by high trading volumes.

buy

Financial services; Funds

An order to purchase a security. This is the order or instruction to buy, not the actual purchase transaction.

buy call

Financial services; Funds

An option contract that gives the holder the right to buy the underlying security at a specified price for a certain, fixed period of time.

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