Shoppolis Islands Business Services Aspect

Business, as a science, is critically important in a world of commerce. Hi. I'm Pietro, and I am a business consultant on SI. It is not a matter of choice to perform business since a society's very survival depends upon its ability to conduct some sort of business. In outer fringe territories of the world, those with few natural resources and difficult to come to or leave, business is normally done within that society with little done outside. When the outside world infringes upon these outlands, the territory is at a great disadvantage and often looks to sympathetic others to help them. These outlanders often take advantage of the simple society and render it distressed and sometimes victimized. On the other hand, there are those who reach out to these areas and assist them in ways that allows them to conduct some sort of business in order to survive in a world like ours.

Shoppolis Islands, through its Society Development Center, part of the Executive Staff, assists any country in need of business knowledge or assistance, as long as that assistance is not money. SI does not subsidize other commercial ventures. We give money away to those in need, but we do not interfere with their businesses; we leave that to larger, more comprehensive business entities. The SDC is led by Gotherman Jasson a person who relocated from Brazil in 1980. His leadership has rendered our assistance program highly qualified and impressively successful in educating other societies to manage their own affairs rather than passing this essential leadership off on another party. The SDC believes that one should run one's own business. This philosophy has been responsible for SI's success since its inception. We have quite a few interesting businesses on SI, and I would like some of my friends and associates to explain them to you.

Thank you for the introduction. My name is Alicia, and I would like to tell you about Trader's Wharf, in Fisherman's End. It is an unusual place and has been for over two hundred years. Originally a type of market for items that were taken off trading ships, the docks eventually turned into a place for trade only. Alex Broadbill and his ancestors who built Trader's Wharf took horses and carriage and went around to all homes and business trading dock goods for food and other essentials. Over a period of time, the Broadbills have not had a substantial income to speak of. They are quite proud of the fact that they trade for their needs from items the trade with ships coming into Quayton. Crews familiar with this type of arrangement and who have been on ships that have visited SI many times, purposely bring things to SI for trade with Alex, just like they did with his father, and his father.

Since these are specialty items from all over the world, Alex and his staff, now using small electric delivery vans instead of horses and carriages, move about quietly trading with their friends and neighbors of SI. They also trade with cruise ship crews, aircraft crews, visitors, those who frequent our shores on business, and others. People who come to SI and find out about this think of competing in some manner, but loyal SI folks just refer them to Alex. His family and their livelihood is more important to us and our culture than a few quick bucks. In 1962, the young Alex actually began teaching his friends from high school about his family's art, now Trader's Wharf has matured somewhat and now trades on a higher plane. We are delighted that those he was sent abroad to trade are now some of the best traders in the world. Now, his staff members are hired to represent a number of business in trade and barter agreements.

My name is Bailey, and I want to tell you about the Executive Staff of Shoppolis Islands. You have probably noticed that there is no "government" aspect offered for you to review. That's because our ES is not a government; it is more of a business staff providing leadership and consultation to those who conduct business. SI is a business with other businesses within it. It is also a country with all other countries within it, and SI is an integral part of all other countries in the world. Along with the United States and Western Europe, SI has more ethnic variety within it and more SI within other cultures, than any others in the world.

Note that island Upper Chambers address legal matters; Lower Chambers all other matters. Islands with only one Chamber address all issues pertaining to that island legal or otherwise. Matters beyond Chamber level are referred to the Bench on each island; matters involving more than one island are moved through the Bench to the SI Bench 3 and upwards. It is important to know that all levels of law below the Quarterdeck render decisions, not verdicts; only the Quarterdeck pronounces verdicts no matter how pedestrian or high-profile the cases might be. All legal processes eventually end up at the Quarterdeck level, so the top always knows what the bottom is doing. Anyone being held for trial above the island level is held in the Armory in South Beach on Shoppolis Islands, East.

Originally, anyone could attend a trial and request time to speak. This remained in place until 1862. Then, one person could be sent to any given trial to request time to speak as long as he/she represented five or more citizens. In 1904, the representative had to represent ten or more people. In 1997, the SI intranet allowed each citizen to lodge his or her own opinion in twenty-five words or less. In all cases, representation could only be exercised once during any one trial by any one person or one-person representative. Now, each trial is recorded on tape and is accessible any time of day by request, on the intranet to provide full information to any citizen requesting it. The same holds true for all legislative occurrences and most executive events. Those interested in higher information, must request it formally and be approved to review it. To date, there have been no refusals, but some information has been left out of the mainstream and placed into special protection for 200 years (the equivalent of eight generations). The first high-level archived material for SI became available to evaluators on March 20, 1984.

Since the SI "government" is run like the executive level of a commercial company rather than a country, anyone who wants to serve in a position is considered whenever he or she wants to assume that position. The person in the position, must be evaluated against the candidate by the Quarterdeck. If the person appears to be more effective than the person in the job, the person in the job is asked to take the candidate as an apprentice for no less than one year. If after a year, the exchange is promising, the exchange is made, and the former steps away from the job. There are no upper age limits for jobs (minimum 14), and there are no lengths of service. If the person remains effective, the person remains in the job. There are no elections. If more than one person applies for a given position, it is up to the number of people to decide, among themselves, which one should move on to seek the apprenticeship. If a decision cannot be made, the issue is taken directly to the Quarterdeck for resolution.

In case someone wants to step away from a job, that person petitions the Quarterdeck to issue a Request for Position (RefPo) to the citizenry to see if there are any candidates. If no one responds, the Quarterdeck assigned an interim person until the RefPo is filled. Since there would be no apprenticeship under these circumstances, the SI Assistant Executive Director assumes the role of mentor. There are no political parties and no representatives of the people. Upper and Lower Chambers are filled by consensus and must have no fewer than three persons in each level. In the past, the Chambers have had all the people of a given island, over the age of 14 included. If there are no takers, there is no Chamber for that island, and the issues are referred to the EC in Shoppolis City. There are no lawyers, and every person accused must act as his/her own council. There are no court rules other than what would be considered polite under the circumstances. All cases are free, and court costs are part of the finances of SI.

In the event a person is "removed" from office for some reason, a RefPo is issued immediately. The same steps are then followed that apply to a person requesting to be replaced. The removed person must then face any charges, if there are any.

The Forum, in Shoppolis City, permits anyone to speak, by appointment, about anything he or she wants to address. There are no penalties for what is said or done as long as both are within reason. Passions run high; debates are searing in some instances. People can be called by the petitioners, and they must come and participate regardless of how pleasant or unpleasant the subject. Once heard, the Quarterdeck reviews the information and renders a verdict. Once this is pronounced, the petitioner can request to speak again, and so on, until the issue is resolved one way or another. Danforth Crown DeVille, a citizen who wanted to annex adjoining island groups "for their own good," spoke forty-seven times in five years, and eventually left SI for other lands when he finally realized that SI was not going to annex anything from anyone. He is currently in prison in the Far East for suggesting alternatives to a less-tolerant society.

To date, there have been no mutinies on any SI ship; no deserters from any command; no assassinations; no removals from office (except for an individual who developed mental problems beyond her control); no revolutions; and no attacks by foreign nations or military forces regardless of the state-of-the-world. Why this is so is not quite known, and the science of SI is not precise in a way that provides an adequate explanation. These best reasons for these circumstances remain associated with SI's logical, common-sense approach to all situation, mostly before a crisis, not during or after. We don't waste time on blame; we apply corrective measures to make sure the incident does not occur again, then move on.

Distributed defense throughout the world accounts for most of the reasons we are not attacked. Why we seem happy in a world that is not always happy is also beyond our explanation. At times, we believe there are greater powers at work. These powers seem to have agendas that are in keeping with our way of life, or perhaps our way of life is harmonious with the great powers. Regardless, SI continues to operate successfully and remains one of the most prosperous nations in the world. For a country that has no flag to rally around, nor any icon to majestically acclaim, nor holds any great threat to humanity, SI remains a delightful place, a bit warm and damp at times. We also are amazed that we are not overrun by people who want to live here. It seems most of the world is quite content with its overall condition and has no current plans on changing. We won't argue with this conclusion; SI only covers land and water that is measured approximately 10 miles by 17 miles. Like any group in the world, we can be destroyed, but only if the entire globe vanishes as the result of a single apocalyptic event.

In order to function in business, certain terms must be known. These are usually esoteric terms that are only understood by those who need to know them. When asked, John Wilson, an instructor in business at Breaker School in Ben Bow, put the following table of terms together. It was agreed that most of us had no idea what he had compiled, but that is not a matter of concern since this page is designed for those advertising business items and services. Our thanks to John and his students for 2003.

Abnormal returns	Abstract (of Title)	Abstract
Acceleration clause	Acceleration Clause	Accounts receivable turnover
Accretion	Accrued interest	Accumulated benefit obligation
Acid-test ratio	Acknowledgement	Acre
Active portfolio strategy	Actuals	Adjustment interval
Administrator	Adverse possession	After-tax profit margin
Agency basis	Agency pass-throughs	Agency
Agreement corporation	Agreement of Sale	Agreement
Alpha Equation	Alpha	American Depositary Receipts
American option	American Stock Exchange (AMEX)	American-Style Option
Amortization	Amortized loan	Analyst
Annual fund operating expenses	Annual Percentage Rate (APR)	Annual Report
Annuity	Appraisal fee	Appraisal
Approved attorney	Appurtenance	Arbitrage pricing theory (APT)
Arbitrage	Arbitrage-free option-pricing models	Arithmetic average (mean) rate of return
Arithmetic mean return	Arms Index	Ask price
Ask	Assessment	Asset allocation decision
Asset classes	Asset swap	Asset turnover
Asset	Asset/equity ratio	Asset/liability management
Asset-backed securities	Assign	Assignee
Assignment	Assignor	Assumption of Mortgage
Assumption	At The Money	Attachment
Attorney in fact	Attribute bias	Auditor's report
Automated Clearinghouse (ACH)	Automated Teller Machines (ATMs)	Automatic Transfer Service (ATS) Account
Autoregressive	Average (across-day) measures	Average Maturity
Average	Back office	Back-end loan fund
Backwardation	Balanced fund	Balanced mutual fund
Balloon (payment) mortgage	Balloon maturity	Balloon payment
Bank discount basis	Bank For International Settlements (BIS)	Bank holding company
Bank regulation	Bank supervision	Banker's Acceptance
Bankruptcy	Bankwire	Barbell strategy
BARRA's performance analysis (PERFAN) factor model	Base interest rate	Base probability of loss
Basis point	Basis risk	Basis
Basket trades	Bear Market	Bear Raid
Bear	Before-tax profit margin	Bellwether issues
Benchmark interest rate	Benchmark issues	Benchmark
Beneficiary	Beta (Mutual Funds)	Beta Equation (Mutual Funds)
Beta Equation (Stocks)	Biased expectations theories	Bid
Big Board	Binder	Black-Scholes option-pricing model
Blanket mortgage	Block trade	Blow-off Top
Bond indenture	Bond indexing	Bond
Bond-equivalent basis	Bond-equivalent yield	BONDPAR
Book value per share	Book value	Bootstrapping
Bottom-up equity management style	Breach of contract	Break
Break-even time	Breakout	Broker loan rate
Broker	Building Line or Setback	Building restriction line
Bull Market	Bull Spread	Bull
Bulldog market	Bullet contract	Bullet strategy
Business risk	Busted convertible	Butterfly shift
Buy in	Buy limit order	Buy on close
Buy on margin	Buy on opening	Buy-and-hold strategy
Buy-down	Buydown	Buyout
Buy-side analyst	By-laws	Calendar effect
Call money rate	Call Option	Call price
Call protection	Call provision	Call risk
Call swaption	Call	Capital asset pricing model (CAPM)
Capital Expenditures	Capital Gain	Capital gains
Capital Loss	Capital market line (CML)	Capital market
Capitalization method	Capitalization ratios	Capitalization
Capitalized	Car	Carry
Cash And Equivalents	Cash commodity	Cash Dividend
Cash flow matching	Cash Flow	Cash markets
Cash settlement contracts	Cash-equivalent items	Cashflow
Cash-surrender value	Caveat emptor	CC&R's
Cease-and-desist order	Certificate of deposit (CD)	Certificate of eligibility
Certificate of occupancy	Certificate of satisfaction	Certificate of Title
CFTC	Chain of title	Changes In Financial Position
Chartists	Chattel	Cheapest to deliver issue
Check clearing	Chicago Mercantile Exchange (CME)	Churning
Clean opinion	Clearing member	Clearinghouse Interbank Payments System (CHIPS)
Clearinghouse	Close, the	Closed-end credit
Closed-end fund	Closing Costs	Closing Day
Closing Purchase	Closing range	Closing Sale
Closing	Cloud (On Title)	Cloud on title
Cluster analysis	Coefficient of determination	Coinsurance
Collateral trust bonds	Collateral	Collateralized mortgage obligation (CMO)
Combination matching	Combination strategy	Commercial banks
Commercial paper	Commission house	Commission
Commitment	Committee for Performance Presentation Standards (CPPS)	Commodities Exchange Center (CEC)
Commodity	Common shares	Common stock equivalent
Common stock market	Common Stock/Other Equity	Community Reinvestment Act (CRA)
Company-specific risk	Comptroller of the Currency	Condemnation
Condominium	Confidence Indicator	Confidence Level
Confirmation	Consensus forecast	Conservator
Constant-growth model	Construction loan	Consumer Advisory Council (CAC)
Consumer Price Index	Contango	Contingent deferred sales charge (CDSC)
Contingent immunization	Contract for deed	Contract month
Contract of Purchase	Contract	Contractor
Convention statement	Conventional loan	Conventional mortgage
Conventional pass-throughs	Convergence	Conversion factors
Conversion parity price	Conversion ratio	Conversion value
Convertible bonds	Convertible Eurobond	Convertible preferred stock
Convertible security	Convex	Cooperative Housing
Cooperative	Corner A Market	Corporate bonds
Correspondent bank	Cosigner	Cost approach
Cost of carry	Cotenancy	Counterparties
Counterparty risk	Coupon Rate	Coupon
Covenant	Cover	Coverage ratios
Covered call writing strategy	Covered Call	Covered or hedge option strategies
Covered Put	Credit analysis	Credit card
Credit history	Credit report	Credit risk
Credit scoring system	Credit spread	Credit unions
Credit	Crediting rate	Creditworthiness
Cross hedging	Cumulative preferred stock	Cumulative probability distribution
Currency risk	Current account balance	Current Assets
Current Liabilities	Current Ratio	Current Yield
Current-coupon issues	Custodial fees	Customized benchmarks
Day Order	Day trading	Dealer options
Dealer	Debenture bond	Debit card
Debt instrument	Debt market	Debt/Equity Ratio
Debt-to-income ratio	Decile Rank	Declaration Date
Dedicating a portfolio	Deed of Trust	Deed
Default risk	Default	Deferred futures
Deferred interest	Deferred Taxes	Deficiency judgment
Defined benefit plan	Defined contribution plan	Delivery notice
Delivery options	Delivery points	Delivery price
Delivery	Delta	Demand deposits
Depository Institutions Deregulation Committee (DIDC)	Depreciation	Derivative instruments
Derivative markets	Derivative Security	Deterministic models
Detrend	Difference From S&P	Differential disclosure
Diffusion process	Disclaimer of opinion	Discount rate
Discount	Discretionary account	Distributions
Divergence	Diversifiable risk	Dividend discount model (DDM)
Dividend rate	Dividend Reinvestment Plan (DRP)	Dividend Yield (Funds)
Dividend Yield (Stocks)	Dividend	Dividends Per Share
Documentary Stamps	Dollar duration	Dollar return
Dollar safety margin	Dollar-weighted rate of return	Domestic market
Dow Jones Industrial Average	Dower	Down payment
Downgrade	Downpayment	Dual agency
Dual-currency issues	Due on sale clause	Duration
Dynamic asset allocation	Dynamic hedging	Earnest Money
Earnings Per Share (EPS)	Earnings surprises	Earnings Yield
Earnings	Easement Rights	Easement
Economic surplus	EDGAR	Edge act corporation
Effective convexity	Effective date	Effective duration
Efficient portfolio	Electronic Fund Transfer Systems (EFTS)	Embedded option
Emerging markets	Eminent domain	Encroachment
Encumbrance	Endowment funds	Enhanced indexing
Equal Credit Opportunity Act (ECOA)	Equilibrium market price of risk	Equity cap
Equity claim	Equity collar	Equity floor
Equity market	Equity Options	Equity sharing
Equity swap	Equity	Equity-linked policies
Equivalent taxable yield	Escheat	Escrow
Euro straight	Eurobond	Eurodollar bonds
Eurodollar	Eurodollars	Euroequity issues
European option	European-Style Option	Euroyen bonds
Evaluation period	Evening up	Event risk
Ex post return	Exante return	Except for opinion
Excess reserves	Excess returns	Exchange rate risk
Exchange	Exchange, The	Exchangeable security
Ex-Dividend Date	Ex-dividend	Execution costs
Execution	Executor	Exercise price
Exercise	Expectations theories	Expected return
Expected value	Expense Ratio	Expensed
Expiration Cycle	Expiration Date	External efficiency
External market	Extrapolative statistical models	Face value
Fair price	Feasible portfolio	Feasible set of portfolios
Federal Advisory Council (FAC)	Federal Deposit Insurance Corporation (FDIC)	Federal funds market
Federal funds rate	Federal funds	Federal Home Loan Bank Board (FHLBB)
Federal Home Loan Mortgage Corporation (FHLMC)	Federal Home Loan Mortgage Corporation	Federal reserve float
Federal reserve system	Federally related institutions	Fedwire
Fee simple	Fill or kill order	Fill
Filter	Finance charge	Financial analysts
Financial institution	Financial leverage ratios	Financial market
Financial risk	Financing statement	First notice day
First-in-first-out (FIFO)	Fixed rate	Fixed-charge coverage ratio
Fixed-income equivalent	Fixed-income instruments	Fixed-income market
Fixed-rate payer	Fixture	Flattening of the yield curve
Floating-rate contract	Floating-rate payer	Floor broker
Floor trader	Flow-through method	Foreclosure
Foreign exchange desk	Foreign exchange transactions	Foreign market
Forward contract	Forward rate	FRCS-80
Full faith-and-credit obligations	Full price	Fully modified pass-throughs
Fund Family	Fundamental beta	Fundamental descriptors
Funding ratio	Funding risk	Funds From Operations (FFO)
Futures commission merchant	Futures contract multiple	Futures Contract
Futures option	Futures price	Futures
General Warranty Deed	Good 'Til Canceled	Graduated Payment Mortgage (GPM)
Graduated payment	Grandfathered activities	Grantee
Grantor	Gross income	Gross margin
Ground lease	Growth Rates	Guardian
Hazard Insurance	Head & Shoulders	Hedging
Hiatus	High Price	Holding Company
Homestead deed	Housing ratio	HUD
Immunization strategy	Implied repo rate	Implied volatility
Impound	Income approach	Income statement
Indemnity	Index and Option Market (IBM)	Index warrant
Index	Indexing	Indicated Dividend
Indicated Yield	Indifference curve	Industry
Inflation risk	Information coefficient (IC)	Information costs
Informationless trades	Information-motivated trades	Ingress and egress
Initial margin requirement	Initial note rate	Initial Public offering (IPO)
Input-output tables	Insider Information	Insiders
Institutional investors	Institutionalization	Insurable title
Insured bond	Insured closing letter	Insured plans
Intangible asset	Interest coverage ratio	Interest rate agreement
Interest rate cap	Interest rate ceiling	Interest rate floor
Interest rate risk	Interest rate swap	Interest
Interim financing	Intermarket sector spread	Intermarket spread swaps
Internaitonal monetary fund (IMF)	Internal market	Internal rate of return
Internally efficient market	International Banking Facility (IBF)	International Depositary Receipt (IDR)
International market	International Monetary Market (IMM)	Intestate
In-The-Money	Intramarket sector spread	Intrinsic value
Inventory Turnover	Inventory	Inverted market
Investment analysts	Investment grade	Investment income
Investment management	Investment manager	Investment Trust
Investment value	Investor	Investor's equity
Invoice price	IRA/Keogh Accounts	Issue
Issuer	Jensen Index	Joint Clearing Members
Joint ownership agreement	Joint tenants	Judgment lien
Jumbo loan	Junior mortgage	Junk bond
Kappa	Ladder strategy	Land contract
Last Split	Last trading day	Last-in-first-out (LIFO)
Law of one price	Lease hold estate	Lender
Leveraged buy-out (LBO)	Leveraged portfolio	Liability funding strategies
Liability on an account	Liability swap	Liability
Lien	Life cap	Life estate
Limit order book	Limit Order	Limit price
Limited-tax general obligation bond	Liquidation	Liquidity risk
Liquidity theory of the term structure	Liquidity	Lis pendens
Listed stocks	Load Fund	Loan application
Loan value	Loan-To-Value Ratio (LTV)	Local expectations theory
Lognormal distribution	Long hedge	Long Position (Options)
Long straddle	Long Term Assets	Long Term Debt/Capitalization
Long Term Liabilities	Long	Long-term debt to equity ratio
Low Price	Low price-earnings ratio effect	Macaulay duration
Magic of diversification	Maintenance margin requirement	Majority
Management fee	Management/Closely Held Shares	Margin Account (Stocks)
Margin call	Margin Requirement (Options)	Margin
Market Capitalization	Market conversion price	Market Cycle
Market impact costs	Market model	Market Order
Market portfolio	Market risk	Market sectors
Market segmentation theory	Market timer	Market timing costs
Market value	Marketable Title	Market-if-Touched (MIT)
Marketplace price efficiency	Markowitz diversification	Markowitz efficient frontier
Markowitz efficient portfolio	Markowitz efficient set of portfolios	Mark-to-Market
Matador market	Matching concept	Mathematical programming
Maturity date	Maturity phase	Maturity spread
Maturity value	Maximum price fluctuation	Mean-variance efficient portfolio
Mechanic's liens	Medium-term note	Member bank
Metes and bounds	Minimum price fluctuation	Minimum Purchases
Modified duration	Modified pass-throughs	Money center banks
Money management	Money manager	Money market demand account
Money Market Fund	Money market	Mortage Insurance Premium
Mortgage (Open-End)	Mortgage bond	Mortgage Commitment
Mortgage Note	Mortgage pass-through security	Mortgage rate
Mortgage	Mortgage-backed securities	Mortgagee
Mortgagor	Most distant futures contract	Moving Average
Multifactor CAPM	Multiperiod immunization	Multiple regression
Multirule system	Municipal bond	Mutual Fund
Mutual offset	Mutual savings banks	Naive diversification
Naked strategies	National Association of Securities Dealers Automatic Quotation (NASDAQ) System	National Credit Union Administration (NCUA)
National Futures Association (NFA)	National market	Nearby futures contract
Nearby	Negative amortization	Negative carry
Negative convexity	Neglected firm effect	Negotiable order of withdrawal (NOW) account
Net Asset Value (NAV)	Net Change	Net effective income
Net financing cost	Net Income	Net operating margin
Net worth	New York Stock Exchange (NYSE)	Next futures contract
NM	No Load Mutual Fund	Noise
No-load fund	Nominal price	Non assumption clause
Non-cumulative preferred stock	Non-insured plans	Nonmember depository institution
Non-parallel shift in the yield curve	Non-reproducible assets	Normal deviate
Normal distribution	Normal portfolio	Normalizing method
Notary public	Note	Notes
Notice day	Notional principal amount	Objective (Mutual Funds)
Odd lot	offer to Purchase	offer
official statement	offset	Omnibus account
Open contracts	Open Interest	Open order
Open-end credit	Open-end fund	Open-end lease
Opening price	Opening Purchase	Opening Sale
Opening, the	Open-Outcry	Operating cycle
Operationally efficient market	Opinion shopping	Opportunity costs
Optimal portfolio	Optimization approach to indexing	Option premium
Option price	Option seller	Option writer
Option	Option-adjusted spread (OAS)	Options contract multiple
Options contract	Options on physicals	Original margin
Other Current Assets	Other Long Term Liabilities	Other Sources
Out of The Money	Overbought\Oversold Indicator	Overdraft checking account
Overfunded pension plan	Overlay strategy	Overnight repo
Overreaction hypothesis	Over-the-counter market (OTC)	P&S
P/E Ratio Equation	P/E	Par value
Parallel shift in the yield curve	Parity value	Participating GIC
Partition	Passive portfolio strategy	Pass-through coupon rate
Pass-through	Pat-off amount	Payment Date
Payment-in-kind (PIK) bond	Payments mechanism	Pension Benefit Guaranty Corporation (PBGC)
Pension plan	Pension sponsors	Perfect hedge
Performance attribution analysis	Performance evaluation	Performance measurement
Permissible nonbank activities	Perpetual warrants	Phone Switching
Pipestem lot	Pit committee	Pit
Piti	Pivot	Plan sponsors
Plat	Plowback rate	Point And Figure Chart
Point	Points (loan discount points)	Policy asset allocation
Portfolio insurance	Portfolio internal rate of return	Portfolio management
Portfolio manager	Portfolio turnover rate	Portfolio
Position	Positive carry	Positive convexity
Posttrade benchmarks	Power of attorney	Preferred habitat theory
Preferred shares	Preferred Stock	Premium
Prepayment penalty	Prepayment speed	Prepayment
Prepayments	Prerefunded bond	Pre-trade benchmarks
Price compression	Price discovery process	Price impact costs
Price momentum	Price persistence	Price risk
Price value of a basis Point (PVBP)	Price/Book Ratio	Price/Earnings Ratio
Price/Sales Ratio	Price-earnings (P/E) ratio	Prices
Price-volume relationship	Pricing efficiency	Primary Market
Prime rate	Principal	Private Mortgage Insurance (PMI)
Private-label pass-throughs	Probability distribution	Probability function
Probate	Profit Margin	Program trades
Program Trading	Projected benefit obligation (PBO)	Prospectus
Protective put buying strategy	Provisional call feature	Proxy
Public sale	Purchase Agreement	Purchase Money Mortgage (PMM)
Purchasing-power risk	Pure expectations theory	Pure index fund
Put Option	Put swaption	Put
Put-call parity relationship	Quality option	Quality spread
Quick Ratio	Quiet title	Quitclaim Deed
Rally	Range	Rate anticipation swaps
Reaction	Real Estate Broker	Real time
Realtor	Recision	Record Date
Recording fees	Redemption Charge	Reference rate
Refinance	Refinancing	Refunded bond
Refunding	Regional Check Processing Center (RCPC)	Registered representative
Regression analysis	Regulatory pricing risk	Regulatory surplus
Reinvestment risk	Relative Strength	Relative yield spread
Remainder	Rembrandt market	Renegotiable rate
Replicating portfolio	Reproducible assets	Repurchase agreement
Required reserves	Required yield	Reserve ratios
Reserve	Reset frequency	Residual claim
Residual risk	Resissue rate	RESPA
Restrictive Covenants	Retail investors Individual investors	Retention rate
Retracement	Return On Assets (ROA)	Return On Equity (ROE)
Return on total assets	Return	Return-to-maturity expectations interpretation
Revenue bond	Revenue fund	Reverse Stock Split
Reversion	Rights offering	Rings
Riparian rights	Risk averse	Risk indexes
Risk premium approach	Risk premium	Risk-free or riskless asset
Risky asset	Round lot	Round-trip transactions costs
Round-turn	Safety cushion	Safety-net return
Sales Agreement	Sales Charge	Samurai market
Savings and loan associations	Savings deposits	SBA
Scalp	Search costs	SEC
Second mortgage	Secondary Market	Securities & Exchange Commission
Securities analysts	Securitization	Security deposit (initial)
Security deposit (maintenance)	Security interest	Security
Sell hedge	Sell limit order	Seller's points
Selling Short	Sell-side analyst	Semistrong form efficiency
Serial bonds	Series	Service charge
Settlement Date	Settlement Price	Settlement rate
Share Repurchase	Shareholders' equity	Shareholders' letter
Shares	Sharpe benchmark	Sharpe Index
Short hedge	Short interest	Short Position
Short Sale	Short selling	Short squeeze
Short straddle	Short	Shortfall risk
Short-term solvency ratios	SIC	Simple linear regression
Simple linear trend model	Simple moving average	Single-index model
Single-premium deferred annuity	Sinking fund requirement	Slippage
Small-firm effect	Special assessment	Special Assessments
Special Drawing Rights (SDR's)	Special Lien	Special Warranty Deed
Specialist	Specific performance	Speculator
Speed	Spinoff	Split
Spot markets	Spot month	Spot price
Spot rate curve	Spot rate	Spread income
Spread strategy	Spread	Standard deviation
Standardized value	State Stamps	Stated conversion price
Statute of limitations	Statutory surplus	Steepening of the yield curve
Step-up bond	Stochastic models	Stock Dividend
Stock exchanges	Stock index option	Stock market
Stock option	Stock replacement strategy	Stock ticker
Stock	Stockholder Equity	Stop (-Loss) Order
Stop order (or stop)	Stop-limit order	Straddle
Straight value	Stratified equity indexing	Stratified sampling approach to indexing
Stratified sampling bond indexing	Strike index	Strike Price
Strong form efficiency	Structured portfolio strategy	Structured settlement
Subdivision	Subject to opinion	Subject to
Subordinated debenture bond	Subperiod return	Substitution swap
Surcharge	Surplus management	Survey
Swap arrangements	Swap assignment	Swap buy-back
Swap option	Swap reversal	Swap sale
Swaptions	Swift	Switching
Synchronous data	Systematic risk	Tactical asset allocation (TAA)
Tangible asset	Tax	Tax-exempt sector
Technical analysts	Technical descriptors	Technician
10-K	Tenants by the entirety	Tenants in common
Tender	Term bonds	Term life insurance
Term repo	Term to maturity	Term trust
Testate	Testator	The Depository Institutions Deregulation and Monetary Control Act of 1980 (MCA)
Theoretical futures price	Theoretical spot rate curve	Theta
Three-phase DDM	Thrift Institutions Advisory Council (TIAC)	Thrift institutions
Tick Indicator	Tick	Tick-test rules
Tilted portfolio	Time decay	Time deposit
Time premium	Time value of an option	Time Value
Time-weighted rate of return	Timing option	Title Insurance
Title Search or Examination	Title search	Title
Top-down equity management style	Total asset turnover	Total debt to equity ratio
Total return	Total Revenue	Tracking error
Trade Date	Trade deficit	Trade house
Trade	Trading halt	Trading Range
Tranche	Transactions costs	Transition phase
Treasuries	Treasury bills	Treasury bonds
Treasury notes	Treasury securities	Trend
Treynor Index	Trust	Trustee
Truth-in-lending	Turnover	12B-1 Fees
12B-1 Two-factor model	Two-fund separation theorem	Two-step mortgage
Type	U.S. Treasury bill	U.S. Treasury bond
U.S. Treasury note	Uncovered Call	Uncovered Put
Underfunded pension plan	Underlying Security	Underlying
Underwriting income	Underwriting	Undiversifiable risk
Universal life	Unsystematic risk	Upstairs market
Uptick trade	Usury	Utility function
VA loan	Value manager	Variable life
Variable Rate Mortgage (VRM)	Variable rate	Variance minimization approach to tracking
Variance	Variation margin	Venture capital
Verification of Deposit (VOD)	Verification of Employment (VOE)	Vertical analysis
Volatility	Volume	Waiver
Wall Street analyst	Wallflower	Wanted For Cash
Warrant	Warranty deed	Wasting Asset
Watch List	Weak form efficiency	Weighted-average portfolio yield
Whole life insurance	Wild card option	Window contract
Wire house	Withdrawal Plan	Wraparound
Writer	W-Type Bottom	Yankee market
Yield curve option-pricing models	Yield curve strategies	Yield curve
Yield ratio	Yield spread strategies	Yield To Call
Yield To Maturity	Yield to worst	Yield
Zero coupon bond	Zero uptick	Zero-beta portfolio
Zero-coupon bond	Zoning Ordinances	Zoning