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Funds
Industry: Financial services
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Funds
par value
Financial services; Funds
The stated amount of a bond. If a bond is selling above the stated amount it would be selling at a premium (above Par); if it is selling below that amount, it would be selling at a discount (below ...
joint tenants with rights of survivorship (JTWROS)
Financial services; Funds
Means that upon the death of one of the joint owners, the remaining person or persons are entitled to the assets.
parity
Financial services; Funds
Price or value equality. For example, if a bond is convertible into common stock, the bond, to be selling at parity, would have a value equal to the market value of the stock.
jumbo certificates of deposit (jumbo CDs)
Financial services; Funds
Instruments issued by banks with fixed interest rates typically paid monthly and a minimum investment of $100,000. Note Jumbo CDs may only be FDIC insured for a maximum of $100,000 and amounts over ...
pay date
Financial services; Funds
The date on which principal and interest are due to be paid to the registered owner of a security.
justification
Financial services; Funds
Refers to the location of your check imprint. Example: Left or Center Justified.
pay source
Financial services; Funds
The means by which the issuer has secured its debt. For example, general obligation of the issuing entity, revenue from the project, or private purpose.
