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17 Cards in this Set
- Front
- Back
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An Investment |
The commitment of funds to one or more assets that will be held over some future time period. |
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Investments |
The study of the investment process. |
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Financial Assets |
Paper/Electronic claims on some issuer such as the federal or provincial government or a corporation. |
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Real Assets |
Physical assets, such as gold, and real estate. |
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Marketable Securities |
Financial assets that are easily and cheaply traded in organized markets. |
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Portfolio |
The securities held by an investor taken as a unit. |
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Expected Return |
The anticipated return by investors for some future period. |
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Realized Return |
Actual return on an investment for some previous period of time. |
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Risk |
The chance that an actual return on an investment will be different from the expected return. |
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Risk-Adverse Investor
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An investor who will not assume a given level of risk unless there is an expectation of adequate compensation for having done so. |
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Risk-Free Rate of Return |
The return on a risk-less asset, often proxied by the rate of return on Treasury Securities |
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"Ex Ante" |
Before the fact. |
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"Ex Post" |
After the fact. |
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Security Analysis |
The first part if the investment decision process, involving the valuation and analysis of individual securities. |
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Portfolio Managment |
The 2nd step in the investment decision process, involving the management of a group of assets as a unit.
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Emerging Markets |
Markets of less developed countries characterized by high risk but potentially large returns. |
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Institutional Investors |
Pension funds, investment companies, bank trust departments, life insurance companies, and so forth that manage huge portfolios of securities. |
