Author: todorm

The risk of incurring losses resulting from the inability to meet payment obligations in a timely manner when they become due.

A class of financial metrics used to determine a debtor’s ability to pay off current debt obligations without external capital.

The ease with which an asset, or security, can be converted into ready cash without affecting the market price of the asset.

The process of bringing a business to an end and distributing its assets to claimants, when a company becomes insolvent.

With LTA an agent or broker is granted the power to place orders or make inquiries on a client’s account.

A bond that allows municipalities to raise property taxes when it is necessary to meet the service payments of the debt.

An order used to buy or sell a security at a pre-determined price. The order will not execute unless the specifications are met.

Something a person or company owes, usually a sum of money.

A fund that entails mutual fund shares that carry a sales commission paid by the purchaser.

The final day that a futures contract, or other derivatives with an expiry date, may trade or be closed out before the delivery of the underlying asset or cash settlement must occur.