Category: Finance Dictionary

A single owned home in a building with many units. It has title to the condo unit but shares land with other owners. They also share upkeep expenses. Taxes are paid based

AKA a confirming house or confirming bank.

Controlling unrelated businesses at the same time.

Many penal sentences that served one after another. The total time sentenced is served with no breaks for different criminal charges.

Investing to preserve capital and risk by diversification in the portfolio. Low risk investments like government ones are the best way to do this.

The value a currency has in relation to its value from another year or time. Wages are adjusted due to inflation to keep the currency rate constant. Refer to current dollar.

The meaning of an unclear phrase that is clarified in its context. Refer to noscitur a sociis.

A good that is used, becomes part of another good, or cannot be used without using it all up.

A port that accepts containers to be delivered.AKA container terminal.

1. how a help program can assist the user in their use of a program. 2. how the management gets results based on history and experience.

The act of keeping day to day transactions going for the current year and the ones to come.

Any agreement, either written or oral, that changes a contract. AKA contracting action or contracting activity.

Agreement that contains all the conditions agreed upon by all parties involved. It has to be written and should include the buyer. See, How Does A Land Contract Work?

Binding contract (usually demonstrated by any airway bill, lading bill, or ticket of a passenger) which includes terms of transportation that state the duties and privileges of a transporter and a passenger/shipper.

Negotiated price of a deal which does not involve the price of any allowed but unpriced adjustments.

Any entity, like financial institutions which enables a financial agreement between parties. For example, a bank providing mortgage, enabling buying and selling of properties between individuals. The privileges, responsibilities, and remuneration of

A class of PREFERRED STOCK that allows the investor to convert it into a specified number of shares of COMMON STOCK once a conversion price is reached. Convertible preferreds pay DIVIDENDS rather

The RISK of loss arising from a change in the historical relationships, or CORRELATIONS, between ASSETS. Correlation risk can be found in certain COMPLEX OPTIONS and COMPLEX SWAPS and may also impact

A SPREAD in the energy market reflecting the price differential between crude oil and a refined product, generally gasoline or heating oil; the spread can be traded through a single FUTURE or

An Investment Trust being a corporate legal entity, may issue C shares (or