Author: todorm

A fund that offers two distinct classes of shares and invests in an underlying portfolio of dividend-paying companies.

An operational strategy used by a company to create a brand new business subsidiary from the parent company.

A member of an exchange who acted as the market maker to facilitate the trading of a given stock.

A municipal bond that is paid from taxes that are collected from those who will benefit from the project that is financed by the bond.

A fund that focuses on investing in small-cap stocks.

The shares of companies with a total market cap that ranges between $300 million and $2 billion.

The discrepancy between the expected price of a trade and the price at which the trade is executed.

The magnitude of an offering, an order, or a trade.

A government bond with maturity ranging from a few days to 52 weeks

A mutual fund that invests in short-term debt instruments with a maturity of up to 3 years.