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Call Option |
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An option giving the holder
the right, but not the obligation, to buy a specific
quantity of an asset for a
fixed price during a specific period. |
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Cap |
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A contract that protects
the holder from a rise in interest rates or some
other underlying security beyond
a certain point.
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Closed-end Fund |
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Type of fund that has a fixed
number of shares or units. Unlike open-ended mutual
funds, closed-end
funds do not stand ready to issue and redeem shares
on a continuous basis. |
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Collar |
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A contract that protects
the holder from a rise or fall in interest rates
or some other |
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Consumer Discretionary
Sector |
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The array of businesses included
in the Consumer Discretionary Sector are categorized into
five industry
groups. They are: Automobiles and Components; Consumer
Durables and Apparel; Hotels, Restaurants
and Leisure; Media; and Retailing. |
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Consumer Staples |
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The industries that manufacture
and sell food/beverages, tobacco, prescription drugs,
and household products. Proctor and Gamble would be considered
a consumer staple company because |
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many of Proctor and Gamble would
be considered a consumer staple company because many of
its products are household and food related. |
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Convertible Arbitrage |
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This is an investment strategy
that involves taking a long position on a convertible
security and a short position in its converting common
stock. This strategy attempts to exploit profits when
there is a pricing error made in the conversion factor
of the convertible security. |
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