字體大小
繁體 簡體 English

理財字彙

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Indenture

The indenture is the language of the legal contract that constitutes a bond. It sets forth the conditions for payment of coupons and principle as well as establishes sinking funds, refunding provisions, and call or put provisions.

Index

A calculation that uses a selection of stocks or bonds to guage a certain market. The Dow Jones Industrial Average, for example, is an index of 30 large industrial companies on the New York Stock Exchange.

Index fund

Index funds are passive investment programs that seek to mimic the performance of published stock or bond indexes.

Inflation

An increase in the price of products and services over time. The government's main measure of inflation is the Consumer Price Index.

Interest rate anticipator

An interest rate anticipator is an active bond manager whose primary goal is to predict the direction of interest rates. Interest rate anticipators are market timers within the bond market.

Internal rate of return

The internal rate of return is the average rate of return which equates the beginning value and the cash flows during a period with the ending value.

Intestate

A person who dies without leaving a valid will. State law then determines who inherits the property or serves as guardian for any minor children.

Investment advisor

Any firm involved directly or indirectly in the purchase or sale of securities on behalf of a paying client.

Investment category

A broad class of assets with similar characteristics. The five investment categories include cash equivalents, fixed principal, equity, debt and tangibles.

IO's and PO's

IO's and PO's are types of collateralized mortgage obligations. IO stands for interest only and PO for principle only. These instruments are constructed by segregating the interest payments received from the mortgages from the principle repayments. Each component is sold separately to different investors at different yields.

IPO

IPO is the acronym for Initial Public Offering. IPO refers to the issue of common stock, which may either be a completely new stock or the reissuing of stock in a privately held company.

Irrevocable trust

A trust that may not be modified or terminated by the trustor after its creation.

n kind transfers

I In kind transfers occur when securities (or physical assets) rather than cash change hands.

   
 

客戶登入

登入名稱 :
密碼 :
加密模式 (SSL)
   
 

聯絡我們

地址 : 香港干諾道中111號永安中心11樓1103-1105室
客戶服務熱線 : (852) 3588 5988
傳真 : (852) 3898 1235
電郵地址 : pwmcs@htisec.com