Author: Banking Meaning
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Discretionary Account
Accounts over which an individual or organization, other than the person in whose name the account is carried, exercises trading authority or control….
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Depletion Accounting
Natural resources, such as metals, oil, gas and timber, that conceivably can be reduced to zero over the years, present a special problem in capital management. Depletion is an accounting practice consisting of charges against earnings based upon the amount of the asset taken out of the total […]
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Delayed Opening
The postponement of trading of an issue on a stock exchange beyond the normal opening of a day’s trading because of market conditions that have been judged by exchange officials to warrant such a delay. Reasons for the delay might be an influx of either buy or sell orders, an imbalance of […]
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Depository Trust Company (Dtc)
DTC is a user-owned securities depository which accepts deposits of eligible securities for custody, executes book-entry deliveries and records book-entry pledges of securities in its custody, and provides for withdrawals of securities from its custody….
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Debit Balance
In a customer’s margin account, that portion of the purchase price of stock, bonds or commodities that is covered by credit extended by the broker to the margin customer. (See: Margin)…
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Current Return
(See: Yield)…
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Day Order
An order to buy or sell stock that automatically expires if it can’t be executed on the day it is entered….
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Coupon Bond
Bond with interest coupons attached. The coupons are clipped as they come due and presented by the holder for payment of interest. (See: Bearer bond, Registered bond)…
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Correspondent
A securities firm, bank or other financial organization that regularly performs services for another in a place or market to which the other does not have direct access. Securities firms may have correspondents in foreign countries or on exchanges of which they are not members. Correspondents […]
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Cumulative Preferred
A stock having a provision that if one or more dividends are omitted, the omitted dividends must be paid before dividends may be paid on the company’s common stock….
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Consolidated Tape
The ticker tape reporting transactions in NYSE-listed securities that take place on the NYSE or any of the participating regional stock exchanges and other markets. Similarly, transactions in AMEX-listed securities, and certain other securities listed on regional stock exchanges, are reported […]
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Competitive Trader
A member of the exchange who trades in stocks on the floor for an account in which there is an interest. Also known as a registered trader….
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Consolidated Balance Sheet
A balance sheet showing the financial condition of a corporation and its subsidiaries. (See: Balance sheet)…
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Commission Broker
A broker on the floor of an exchange acts as agent for a particular brokerage house and who buys and sells stocks for the brokerage house on a commission basis….
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Certificate Of Deposit (Cd)
Also called a time deposit, this is a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited. A CD bears a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years….