A price quote on a security, made by a dealer or market maker, that guarantees a bid or ask price up to the amount quoted. This differs from a nominal quote wherein the price and quantity of a bid or ask quote are not firmly posted. For example, if a market maker posts a bid firm price quote of $25 @ 10K, this tells other dealers and investors that this market maker will buy up to 10,000 shares for a price of $25. If the quote were to be nominal, then the seller of the security could try to negotiate for a better price and the market maker might move on its price - for example, being willing to purchase for $25.75.
The currency abbreviation or currency symbol for the Jordanian dinar (JOD), the currency for Jordan. The dinar is made up of 10 dirham, 100 qirsh or 1000 fils and has no official symbol, but is often presented with the informal notation JD. The dinar is also circulated on Israel's West Bank. |||The dinar was first seen replacing the Palestinian pound in 1949. Dinarian coins were denominated in Arabic until 1992 and then changed to English. The dinar has been pegged to the International Money Fund's Special Drawing Rights since October of 1995. It is also unofficially pegged to the U.S. dollar.
An economic policy or program that increases or decreases automatically to offset the current economic trend without government assistance. An example of such a policy would be unemployment insurance.
The action of completing or satisfying an order for a security or commodity. It is the basic act in transacting stocks, bonds or any other type of security. For example, if a trader places a buy order for a stock at $50 and a seller agrees to the price, the sale has been made and the order has been filled. The $50 price is the execution price, which also makes it the fill price - it is the price that allows the transaction to be completed.
A slang term for an uneducated or unsophisticated investor. The term is considered a derogatory remark in the financial sector, often used to refer to poor investment choices. Financial professionals might recommend an "Aunt Millie" investment to clients who are unfamiliar with investing. Because the professional tries to match the investment to the customer, he or she will typically offer "Aunt Millie" a simple, low-risk investment.Analysts may use the term to berate a stock or other security. For example, one may say that investing in a certain stock is so foolish, only Aunt Millie would buy it.
The currency abbreviation or the currency symbol for the Jamacian dollar (JMD), the currency for Jamaica. The currency is made up of 100 cents and is often presented with the symbol (J$) or (JA$). The Jamaican dollar was also formerly used in the Cayman Islands. |||The Jamaican dollar was first seen replacing the Jamaican pound in 1969. Both coins and notes were issued, but its value has fallen substantially since then, reaching new lows early in 2009. Many bills have been replaced by coins, and a $1000 note began circulating in 2000.
A situation in which one party in a transaction has more or superior information compared to another. This often happens in transactions where the seller knows more than the buyer, although the reverse can happen as well. Potentially, this could be a harmful situation because one party can take advantage of the other party’s lack of knowledge. With increased advancements in technology, asymmetric information has been on the decline as a result of more and more people being able to easily access all types of information. Information Asymmetry can lead to two main problems:1. Adverse selection- immoral behavior that takes advantage of asymmetric information before a transaction. For example, a person who is not be in optimal health may be more inclined to purchase life insurance than someone who feels fine.2. Moral Hazard- immoral behavior that takes advantage of asymmetric information after a transaction. For example, if someone has fire insurance they may be more likely to commit arson to reap the benefits of the insurance.
The broker or dealer that finalizes and processes an order on behalf of a client. The orders sent to executing brokers are assessed for appropriateness, and if the order is deemed practical, the executing broker will then carry out the order. If the order is rejected, the customer is notified and the stock is not traded. once the executing broker has assessed the validity of the order, it is then submitted onto the clearing broker who clears the trade. However, since executing brokers are paid through commission, the possibility exists that this incentive may encourage numerous trades even though they may not be suitable.