Normalized earnings
Earnings that have been
adjusted in order to take into account the effect of cycles in the economy.
Just-in-time inventory systems
Systems that schedule materials to
arrive exactly when they are needed in the production process.
Quotation board
The electronic board at a brokerage firm
displaying prices other financial data.
Securities loan
The loan of
securities between brokers, often to cover a client's short sale; or a loan
secured by marketable securities.
John Katrichis - Mortgage Callable
Applies mainly to
convertible securities. Redeemable by the issuer before the scheduled maturity
under specific conditions and at a stated price, which usually begins at a
premium to par and declines annually. Bonds are usually called when interest
rates fall so significantly that the issuer can save money by issuing new bonds
at lower rates.
Read more: Alpine Financial,LLC John Katrichis -
Mortgage
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