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Debt instruments having a maturity of less than one year.

Refers to the amount of money circulating within the economy. Monetary policy is used by central banks or other monetary authorities to impact economic performance by controlling the money supply.

A modified form of duration obtained by dividing the duration measure developed by Macaulay by 1 plus the yield divided by the frequency of the coupon payments. Measures the percentage price change of a fixed income security given a change in yield.

The risk to a portfolio from failing to precisely match the risks associated with the underlying portfolio. For example, a swap book may mismatch maturities or notional principals and will be exposed to the respective risks.

The study of total goods and services produced, total income earned, the level of employment and the general behavior of prices on the level of individuals and firms within the economy.

Fixed income securities that are not traditionally underwritten but offered through a shelf registration that is filed with the SEC. After SEC approval, the company can issue notes of any size and with any coupon or maturity, for up to two years after the filing.

1) The date a fixed income security matures and the issuer repays the principal to the investor. 2) In options, the maturity refers to the expiration date of the contract.

1) The practice of periodically adjusting a margin account by adding or subtracting funds based on changes in market value. The practice has long been employed in futures trading and for writers of options. 2) The revaluation of a financial instrument or portfolio based on current market rate(s) and the…

The risk that current market prices will deviate from the contracted rate. Refers to equity, foreign exchange, interest rate and commodity risk.

Also known as a dealer. A party that makes a market in an instrument by offering to both buy and sell the instrument. The market maker profits from the difference between its bid and ask prices.

1) In futures trading refers to a required performance bond tendered by a party to a futures contract. 2) Buying on margin refers to borrowing money, generally from a broker, to buy securities.

The compensation paid to the investment advisor / manager by a mutual fund or Investment Company or investors for the services rendered.