Rights that give an exchange the ability to trade an unlisted security. Taobiz explains Unlisted Trading Privileges These privileges are offered to member firms. In order to obtain unlisted trading privileges, the exchange must file an application with the Securities and Exchange Commission (SEC) for approval.
A security that is not traded on an exchange, usually because of an inability to meet listing requirements. Taobiz explains Unlisted Security An unlisted security is also known as an "over-the-counter" (OTC) security. In the UK the term "unquoted" is used.
A fund structure that allows investors to pool assets while retaining individual net asset values for each participant and keeping track of historical fund records. Each investor in the fund is accounted for separately and has their own unit - their own class of shares of the portfolio’s total assets. Taobiz explains Unitized Fund This gives investors the benefits of pooling assets and gaining diversification that an individual investor might not otherwise be able to achieve, while keeping their assets separated from the rest of the portfolio. This system allows the fund to maintain and manage all of the portfolio holdings at the fund level, while maintaining fund prices at the different share-class levels. This type of fund is a common structure for pension funds that may have just a few investors with large sums of money invested.
A simple arithmetic or geometric average used to calculate stock indexes. Equal weight is invested in each of the stocks in an index with equal dollar amounts invested in each underlying stock. Because the stocks are equally weighted, one stock's performance will not have a dramatic effect on the performance of the index as a whole. This differs from weighted indexes, where some stocks are given more weight than others, usually based on their market capitalizations. Taobiz explains Unweighted Index As an example of how to calculate an arithmetic average, suppose that there are three stocks in an index with returns of 10%, 11% and 15%. The arithmetic return would be calculated as follows: (0.10+0.11+0.15)/3 = 0.1200 =12% In other words, you add the returns of each of the stocks in the index and divide this figure by the total number of stocks in that index. To calculated a geometric average, suppose again that there are three stocks in an index with returns of 10%, 11% and 15%. The geometric return would be calculated as follows: [(1+0.1)*(1+0.11)*(1+0.15)]^(1/3) = 1.1198 = 11.98% In this case, you multiply the returns and take the 'n'th (where 'n' equals the number of stocks in the index) root of the product. The geometric average will either be equal to or lower than the arithmetic average.
An American depositary receipt (ADR) that is issued without the involvement of the foreign company whose stock underlies the ADR. Shareholder benefits, voting rights and other attached rights may not be extended to the holders of these particular securities. Taobiz explains Unsponsored ADR These securities generally trade over the counter rather than on the Nasdaq or NYSE.
A loan not secured by an underlying asset or collateral. Unsecured debt is the opposite of secured debt. Taobiz explains Unsecured Debt The concept of unsecured debt is easily understood when its opposite is considered. A good example of secured debt would be a mortgage. The bank loans out money to a lender who uses it to buy a house; the house becomes the asset backing the loan. In the case of unsecured debt, a lender loans money without the security that an underlying asset provides. For this reason, unsecured debt carries more risk for the lender, which in turn makes the loan more expensive. The more additional risk that a lender must take on, the higher the rate of interest a borrower must pay, making unsecured loans subject to higher rates.
A loss that results from holding onto an asset rather than cashing it in and officially taking the loss. Taobiz explains Unrealized Loss Let's say you own a stock that is down 50%, but you haven't sold it to realize the loss yet. This is said to be an unrealized loss.
A profit that results from holding on to an asset rather than cashing it in and using the funds. Taobiz explains Unrealized Gain Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain.
登录
工商服务
危机公关
金融律师
app开发
财税服务
金融牌照
网站建设
知识产权
企业征信
审计评估