Glossary – Financial Markets & Institutions

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Issue:

Business

 

Written by:

John F

 

Date added:

December 31, 2014

 

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Grade:

B

 

No of pages / words:

32 / 8938

 

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3927 times

 

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The receipts trade on U.S. stock exchanges instead of the actual stock. American option An option that can be exercised at any time up to the expiration date of the contract. amortized Paid off in stages over a period of time. Each payment on a loan consists of the accrued interest and an amount that is applied to repay the principal...
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Each payment on a loan consists of the accrued interest and an amount that is applied to repay the principal. When all of the payments have been made, the loan is paid off (fully amortized). anchor currency The currency to which a coutry fixes its exchange rate. annuity An insurance product that provides a fixed stream of payments...
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