Century 21 Accounting: General Journal
11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman
1,009 solutions
Accounting
23rd EditionCarl S Warren, James M Reeve, Jonathan E. Duchac
2,210 solutions
Essentials of Investments
9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie
689 solutions
Accounting: What the Numbers Mean, International Edition
12th EditionDaniel F Viele, P. David Marshall, Wayne W McManus
125 solutions
Recommended textbook solutionsPrinciples of Economics
8th EditionN. Gregory Mankiw
1,335 solutions
Fundamentals of Engineering Economic Analysis
1st EditionDavid Besanko, Mark Shanley, Scott Schaefer
215 solutions
Century 21 Accounting: General Journal
11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman
1,009 solutions
Statistical Techniques in Business and Economics
15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal
1,236 solutions
Upgrade to remove ads
Only SGD 41.99/year
-
Flashcards
-
Learn
-
Test
-
Match
-
Flashcards
-
Learn
-
Test
-
Match
Terms in this set (40)
Amex
The American Stock Exchange, which is one of the organized stock markets in New York City.
Asked (or offer) Price
The price that sellers are willing to accept for a particular stock and a given time.
At the Market
An order to buy and sell stock at the best price currently available.
Auction Market
The type of market found in organized stock exchanges. As in an auction, stocks are sold to the person willing to pay the highest price and purchased from the person willing to sell for the lowest price.
Benefits of Trade
The advantages obtained by buyers and sellers when they trade a stock.
Bid Price
The price that buyers are willing to pay fr a particular stock at a given time.
Broker
An individual or business that specializes in bringing together buyers and sellers of stocks
Clerk
A member of a brokerage house who transfers orders and information between stockbrokers in an office and floor brokers at a stock exchange
Commision
The fee a broker and/or stockbroker collects for helping people buy and sell a stock.
Costs of Trade
The time and money buyers and sellers spend to find one another and arrange trades.
Customer
A person who buys the product or service offered by a business.
Floor Broker
A member of a brokerage house who completes a customer's buy or sell order on the floor of a stock exchange.
Investment Banker
A business that gives a corporation advice on how to raise money and also sells new issues of stocks and bonds.
Limit Order
An order to buy or sell a stock at a certain (or better) price. A buyer's limit order of $20 would be completed only if each share can be bought for $20 or less.
Listed Stock
Stocks that have been approved and listed for trading by one of the organized stock exchanges or markets. These stocks must meet specific financial and other requirements to qualify. Unlisted stocks are those that trade over the counter and do not need to meet certain standards.
Market
The process through which buyers and sellers exchange with one another
Market-Maker
A stock trader who agrees to buy and sell, or "make a market" in a company's stock. The trader uses his or her firm's money to purchase stock so he or she have shares available for people to buy. A market-maker also must agree to purchase stock back when investors want to sell. Market-makers buy and sell Nasdaq and OTC stocks. Smaller companies usually ave only a few market-makers while large companies have dozens.
Nasdaq
The Nasdaq Stock Market is an electronic marketplace where buyers and sellers get together via computer and hundreds of thousands of miles of high-speed data lines. More than 5,000 companies list on Nasdaq's computerized market. Nasdaq is not an exchange because it doesn't have a central floor.
New Issues Market
A market in which a corporation sells new stock to raise money for start-up or expansion. This market is often called the primary stock market.
NYSE
The New York Stock Exchange, which is one of the organized stock markets in New York City.
Over The Counter Market (OTC)
The over-the-counter market lacks the central trading floors of the stock exchanges. Like Nasdaq, brokers and dealers trade with one another by using computers and telephones, but unlike Nasdaq, OTC stocks do not have to meet listing standards. OTC stocks are usually small, and not frequently traded.
Pink Sheet Market
Another name for the OTC market. The "pink sheets" are lists of OTC stocks, and the prices at which dealers are offering to buy and sell them. These lists are printed on pink paper and distributed early every morning o the trading community.
Price (of a stock)
An amount agreed on between a buyer and a seller to exchange a stock certificate.
Primary Markets
Those markets in which stocks are offered for sale for the first time.
Quotes
The highest price bid by a buyer and the lowest price asked by a seller for a stock at a given time. Quotes are usually expressed in dollars and fractions of a dollar. For example, at one time a share of Apple Computer was quoted at 27 3/4, which means $27.75.
Secondary Markets
Those markets in which stocks can be bought and sold once they are approved for public sale.
Specialest
A broker or an exchange who trades in certain stocks at a specific location (post) on the trading floor. Each specialist has an assigned post where all trading of particular stocks occur. Specialists quote the current prices of stocks traded at their posts and the complete limit orders.
Stockbroker
A broker who accepts orders to buy and sell stock and then transfers those orders to other people who complete them.
Stock Exchange
One of the organized stock markets with a centralized trading floor. In this market, auction-type trading allows trader to sell stocks to the highest bidder or buy stocks from the lowest supplier. These markets consist of the New York Stock Exchange and the American Stock Exchange, both of which are located in NYC. Also included are the regional stock exchanges found outside of NYC. These are Boston, Cincinnati, Intermountian (Salt Lake City) Midwest (Chicago), Pacific (LA and San Francisco), Philadelphia (Philadelphia and Miami, and Spokane stock exchanges.
Stock Market
A market in which the public trades stocks that someone already owns. The market allows people to buy and sell stocks quickly and easily. Example are the New York Stock Exchange and the American Stock Exchange. This market is often called the secondary stock market.
Equilibrium
The price of a stock at which buyer wants to buy the same number of shares as sellers want to sell. This price is also called the Market-Clearing Price.
IPO
Initial Public Offering. The first time a private company issues stock on the stock market.
Stock Split
The division of a stock into a larger number of lower-priced shares.
Preferred Stock
"PF" appears immediately after a company's name. Preferred stocks have "preferred treatment" when compared to common stocks.
Gain
An increase above the original purchase price in the money received from the sale of a stock.
Loss
A decrease from the original purchase price in the money received from the sale of a stock.
Risk
The chance of losing money. Risk is the opposite of safety.
Total Cost Of Purchase
(Number of shares*Price of stock)+Broker's fee
Total Received of Sale
(Number of shares*Price of stock)-Brokers fee
Broker's Commission
2% or .02 of purchase and sale.
Stockbrokers charge a fee for their services. This fee is called a commission. Brokers earn a commission
for each transaction (purchase or sale) they execute. Fees vary, but in The Stock Market Game, it is 2%.
Stock Market Vocab
30 terms
coopascoopa14
Managerial Finance Chapter 1
53 terms
Paige_Ghah28
Business Finance Chapter 1
53 terms
agardiner13
Equity Chapter 5: The Stock Market
46 terms
cnlafferty
Other sets by this creatorAccess Database Basics
14 terms
Lori_Shively
Introduction to Business Chapter 6
20 terms
Lori_Shively
Introduction To Business Chapter 29
31 terms
Lori_Shively
Shively ITB Chapter 11 Government in Our Economy
21 terms
Lori_Shively
Recommended textbook solutions
Mathematics with Business Applications
6th EditionMcGraw-Hill Education
3,760 solutions
Fundamentals of Financial Management, Concise Edition
10th EditionEugene F. Brigham, Joel Houston
777 solutions
Myers' Psychology for the AP Course
3rd EditionC. Nathan DeWall, David G Myers
955 solutions
Mathematics with Business Applications
6th EditionMcGraw-Hill Education
3,760 solutions
Other Quizlet setsMarketing Exam 3 / Chapter 19
28 terms
jaylaaaaaAmor
Investment Analysis Ch 3-6
79 terms
Hannah_VanAmburgh
SERIES 7 TOP-OFF EXAM - Orders and trade execution
136 terms
millindlePLUS
Vocab, Terms, Modules 1, 2, 3, 4, 5
363 terms
Cecelia_DiNicola
Related questionsQUESTION
Why do investors truthfully reveal their interest in an offering to the investment banker?
7 answers
QUESTION
pepsi and coke would love to come togerther to form a soft drink cartel which is an example of which marketing strategy
2 answers
QUESTION
NASDAQ Market Center Execution System (the "System")
8 answers
QUESTION
Antitrust laws are primarily intended to protect competitors not competition
5 answers