When part of a firm is sold off, stock converts to shares in the new company.

A respected and well known person serving as the regular advocate for a product or cause.

The term referring to the employer that sets up or continues a plan for the benefit of employees.

Items that are tangible and increase resulting from an increase in business activity.

Financing flowing from sales volume and activity during business operations needing no assistance from creditors or lenders.

The lowest temperature of a substance where it will ignite itself with no spark or flame present.

Liabilities resulting from the purchase of services or goods on credit that incur the obligation to be paid later.

Substance capable of ignition with no exposure to flame or a heat source.

The hard protective casing acting as a shell surrounding micro-organisms enabling them to survive extreme conditions. Hard to destroy disease producing spores include tetanus, anthrax, botulism.

A bid at auction where written bids are placed in the box that is then opened prior to the next item is up for auction.

Measuring the sensitivity of a bond price based on basis point changes of more than 100.

Difference between cost and income. Also known as margin income.

Technology for wireless communication such as CDMA, TDMA, transmitting and receiving signals over a wide band or spectrum of frequencies.

The simultaneous taking of 2 positions, one short and one long on 2 different instruments in order to profit from a negative move in one and a positive move in the other.

Strategy in trading by the buying simultaneously of a security and selling a related security against it. Called pairs trading.

A speculative technique where futures and options are bought and sold for the same item allowing profits form changing prices.

1. Accounting. Worksheet set out in columns and rows.2. Computing. Software allowing data to be entered in columns and rows to ease mathematical use of formulas and to present and graphs and

A living trust or will where the trustee decides which beneficiary receives which benefit from the trust.

1. Cash outflow and cash inflow match in a set period of time. 2. Revenue from sales is equal with purchases. 3. Futures trading open position covered with a hedge.

An underwriter’s attempt to create an active market to prevent a fall in price for the security.