Terms

The smallest block of shares in an exchange-traded fund that can be purchased or redeemed directly from the fund company […]

The ratio of the interest rate payable on a bond to the actual market price of the bond, stated as

Debt is the legal obligation, written or oral, to deliver a product, service, or cash.

A ratio calculated by dividing a company’s long-term debt by its stockholders’ equity. Because long-term debt reflects obligations that a

A failure by an issuer to pay principal or interest when due, or to fulfill other obligations, such as reporting

With a deferred annuity, you make payments to an insurance company, which will be free from taxes until you reach

A sales charge deducted from an investment for exiting early, or before the sales charge ceases to exist. Mutual fund

Defined benefit plans also are known as pension plans. Employers sponsor defined benefit plans and promise the plan’s investments will

A retirement savings plan, such as a 401(k) plan, that does not promise a specific payment upon retirement. In these

Depreciation is the decrease in value of a fixed asset during its projected life expectancy. The Internal Revenue Service permits