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4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] repurchase agreement (repo)
sale of short-term security in which the seller agrees to buy back the security at a specified price
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] required return
the return necessary to induce the investor to purchase an asset
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] reserve requirement
the percentage of cash that banks must hold against their deposit liabilities
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] reset bond
bond whose coupon is periodically reset
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] retention ratio
the ratio of earnings not distributed to earnings
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] realized return
the sum of income and capital gains earned on an investment
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] realized returns
the sum of income and capital gains earned on an investment
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] recapitalization
an alteration in a firm's source of finance, such as the substitution of long-term debt for equity
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] receivables turnover
the speed with which a firm collects its accounts receivable
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] recession
a period of rising unemployment and declining national output
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] refunding
the act of issuing new debt and using the proceeds to retire existing debt
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] registered representative
a person who buys and sells securities for customers; a broker.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] registration
process of filing information with the SEC concerning a proposed sale of securities to the general public.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] regional funds
mutual funds that specialize in a particular geographic area.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] registered bond
a bond whose ownership is registered with the commercial bank that distributes interest payments and principal repayments.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] private placement
the non-public sale of securities.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] pro forma financial statement
a projected or forecasted financial statement.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] programmed trading
coordinated buying or selling of portfolios triggered by computers.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] progressive tax
a tax whose rate remains constant as the tax base changes.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] property tax
a tax levied against the value of real or financial assets.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] present value
the current worth of an amount to be received in the future.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] present value of an annuity
the present worth of a series of equal payments.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] primary market
the initial sale of securities.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] principal
the amount owed; the face value of a debt.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] preliminary prospectus (red herring)
initial document detailing the financial condition of a firm that must be filed with the SEC to register a new issue of securities.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] premium
the market price of an option.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] premium (of a bond)
the extent to which a bond's price exceeds the face amount of the debt.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] premium (over net asset value)
the extent to which the price of a closed-end investment company's stock exceeds the share's net asset value.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] proportionate tax
a tax whose rate remains constant as the tax base changes.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] purchasing power risk
the uncertaintly that future inflation will erode the purchasing power of assets and income.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] put bond
a bond that the holder may redeem (i.e., sell back to the issuer) at a specified price and a specified time.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] put option
an option to sell stock at a specified price within a specified time period.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] secondary market
a market for buying and selling previously issued securities.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] Securities and Exchange Commission (SEC)
government agency that enforces the federal securities laws.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] Securities Investor Protection Corporation (SIPC)
the agency that insures investors against failures by brokerage firms.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] securitization
the process of converting an illiquid asset into a marketable security.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] semiannual compounding
the payment of interest twice a year.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] serial bond
a bond issue in which specified bonds mature each year.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] series EE (Patriot) bonds
savings bonds issued in small denominations by the federal government.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] share averaging
a system for the accumulation of shares in which the investor periodically buys the same number of shares.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] Sharpe performance index
a risk-adjusted measure of performance that standardizes the return in excess of the risk-free rate by the standard deviation of the portfolio's return.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] short position
selling borrowed assets for possible price deterioration; being short in a security or a commodity.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] short sale
the sale of borrowed securities in anticipation of a price decline; a contract for future delivery.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] sinking fund
a series of periodic payments to retire a bond issue.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] specialist
a market maker on the New York Stock Exchange who maintains an orderly market in the security.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] speculation
an investment that offers a potentially large return but is also very risky; a reasonable probability that the investstment will produce a loss.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] split coupon bond
bond with a zero or low initial coupon followed by a period with a high coupon.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] spot price
the current price of a commodity.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] spread
the difference between the bid and the ask prices.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] Standard & Poor's 500 stock index
a value-weighted index of 500 stocks.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] statement of cash flows
an accounting statement that enumerates a firm's cash inflows and cash outflows.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] stock
a security representing ownership in a corporation.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] stock dividend
a dividend paid in stock.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] stock index futures
a contract based on an index of security prices.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] stock index options
rights to buy and sell based on an aggregate measure of stock prices.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] stock repurchase
the buying of stock by the issuing corporation.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] stock split
recapitalization that affects the number of shares outstanding, their par value, the earnings per share, and the price of the stock.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] stop order
a purchase or sell order designed to limit an investor's loss or to assure a profit on a position in a security.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] straight-line depreciation
the allocation of the cost of plant and equipment by equal annual amounts over a period of time.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] street name
the registration of securities in a brokerage firm's name instead of in the buyer's name.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] surplus
receipts exceeding disbursements.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] swap
an agreement to exchange payments.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] syndicate
a selling group assembled to market an issue of securities.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] systematic risk
risk from fluctuations in security prices; (e.g., market risk).
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] tax anticipation note
short-term government security secured by expected tax revenues.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] tax-deferred annuity
a contract sold by an insurance company in which the company guarantees a series of payments and whose earnings are not taxed until they are distributed.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] tax-exempt bond
a bond whose interest is excluded from federal income taxation.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] tax shelter
an asset or investment that defers, reduces, or avoids taxation.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] technical analysis
an analysis of past volume and/or price behavior to identify which assets to purchase or sell and the best time to purchase or sell them.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] 10-K report
a required annual report filed with the SEC by publicly held firms.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] 10-Q report
a required quarterly report filed with the SEC by publicly held firms.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] term insurance
life insurance with coverage for a specified time and excluding a savings plan.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] third market
over-the-counter market for securities listed on an exchange.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] time premium
the amount by which an option's price exceeds the option's intrinsic value.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] time-series analysis
an analysis of a firm over a period of time.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] time-weighted rate of return
average of individual holding period returns.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] times-dividend-earned ratio
earnings divided by preferred dividend requirements.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] times-interest-earned ratio
ratio of earnings before interest and taxes divided by interest expense; a coverage ratio that measures the safety of debt.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] 13-D report
document filed with the SEC by an individual who acquires 5 percent of a publicly held firm's stock.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] total return
the sum of dividend yield and capital gains.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] trader
an investor who frequently buys and sells.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] tranche
subdivision of a bond issue.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] Treasury bills
short-term federal government securities
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] Treasury bonds
the long-term debt of the federal government
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] Treasury notes
the intermediate-term debt of the federal government.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] Treynor index
a risk-adjusted measure of performance that standardizes the return in excess of the rik-free rate by the portfolio's systematic risk.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] trustee
an appointee, usually a commercial bnak, responsible for upholding the terms of a bond's indenture.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] 12b-1 fees
fees that a mutual fund may charge to cover marketing and advertising expenses.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] two-step mortgage loan
a mortgage loan in which the interest rate is changed once at a predetermined time.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] undercapitalized
having insufficient equity financing.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] underwriting
the process by which securities are sold to the general public and in which the investment banker buys the securities from the issuing firm.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] unimproved land
land that has not been cleared and that lacks improvements, such as curbs and gutters.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] unit trust
a passive investment company with a fixed portfolio of assets that are self-liquidating.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] unsystematic risk
the risk associated with individual events that affect a particular security.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] U.S. Treasury bill
short-term debt of the federal government.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] valuation
the process of determining the current worth of an asset.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] value
what something is worth; the present value of future benefits.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] variable interest rate bonds
a long-term bond with a coupon rate that varies with changes in short-term rates.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] venture capitalist
firm specializing in investing in the securities, especially stock, of small, emerging companies.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json
4abb9686_Textbook_Flashcards___Cram_com__ines_as_the_tax_base_increases
[regressive tax] Veterans Administration (VA)
an agency of the federal government that will guarantee mortgages granted to qualified veterans.
[]
Glossary from Mayo Investment Textbook Flashcards - Cram.com
a tax whose rate declines as the tax base increases
http://www.cram.com/flashcards/glossary-from-mayo-investment-textbook-339983
13/1438042992543.60_20150728002312-00113-ip-10-236-191-2_380137930_0.json