Business / Finance Glossary

American Association Of Individual Investors (AAII): A not-for-profit organization to educate individual investors about stocks, bonds, mutual funds, and other financial instruments.

American Depository Receipt (ADR): Certificates issued by a U.S. depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. One ADR may represent a portion of . . . View Full Definition

American Depository Receipt Fees: Fees associated with the creating or releasing of ADRs from ordinary shares, charged by the commercial banks with correspondent banks in the international sites.

American Depository Receipt Ratio: The number of ordinary shares into which an ADR can be converted.

American Depository Share (ADS): Foreign stock issued in the U.S. and registered in the ADR system.

American Option: An option that may be exercised at any time up to and including the expiration date. Related: European option

American Shares: Securities certificates issued in the U.S. by a transfer agent acting on behalf of the foreign issuer. The certificates represent claims to foreign equities.

American Stock Exchange (AMEX): Stock exchange with the third highest volume of trading in the U.S. Located at 86 Trinity Place in downtown Manhattan. The bulk of trading on AMEX consists of index options (computer technol . . . View Full Definition

American-Style Option: An option contract that can be exercised at any time between the date of purchase and the expiration date. Most exchange-traded options are American style.

Amman Financial Market (AFM): Established in 1976, the AFM is the only stock exchange in Jordan.

Amortization: The repayment of a loan by installments.

Amortization Factor: The pool factor implied by the scheduled amortization assuming no prepayments.

Amortizing Interest Rate Swap: Swap in which the principal or notional amount rises (falls) as interest rates rise (decline).

Amsterdam Exchange (AEX): Exchange that comprises the AEX-Effectenbeurs, the AEX-Optiebeurs (formerly the European Options Exchange or EOE) and the AEX-Agrarische Termijnmarkt. AEX-Data Services is the operating comp . . . View Full Definition

AMTEL: Used in context of general equities. In-house message system entered and displayed through Quotron A page.

Analyst: Employee of a brokerage or fund management house who studies companies and makes buy-and-sell recommendations on stocks of these companies. Most specialize in a specific industry.

And Interest: An indication that the buyer will receive accrued interest in addition to the price quoted for a bond.

Angel: An investment-grade bond. Antithesis to fallen angel. In the context of venture capital, the first investor.

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