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29 Cards in this Set
- Front
- Back
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(Ch. 05) interest & transfer at death - diff bwtn jtwros and tic
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jtwros = equal ownership and pass to remain tic = unequal ownership and pass to heirs
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(Ch. 05) name two types of joint accts
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-tic -jtwros
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(Ch. 05) name two types of trading auth
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1-limited, trade only 2-full, trade & w/d
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(Ch. 05) new accts must be approved by…? and when…?
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approved by prin promply after 1st transaction
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(Ch. 05) re discresionary accts…. what are time and px
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time and px are not discresionary considered not held orders
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(Ch. 05) re fiduciary accts.. require what
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all require legal document except ugma & utma
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(Ch. 05) re fiduciary accts.. subject to what rule
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prudent man rule
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(Ch. 05) re joint accts who must sign? who may trade? who dist made to?
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all sigs req'd any may trade dist paid to all
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(Ch. 05) to be discresionary rr must choose 1 of the following..
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action security amount
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(Ch. 05) ugma/utma - how many involved?
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1 minor 1 custodian only
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(Ch. 05) ugma/utma - what accts ok?
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cash acct only
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(Ch. 05) ugma/utma - who is owner?
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minor is beneficial owner
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(Ch. 05) what 3 things must firm do re new account
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1- give privacy notice 2- sign by rep & prin 3-verify info in 30d
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(Ch. 05) what are 3 things firm must do re discresionary accts
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-written auth from custy -acct approved by first trade -reviewed regularaly for churning
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(Ch. 05) what is a tod account
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-names beneficiary -passes at death -avoids probate
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(Ch. 05) what must custy provide for new acct form ->4 things
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1-dob 2-tax id 3-identity verif 4-signature (x cash)
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(Ch. 05) whats the 3 step process for acct transfers
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1-verify positions w/i 3 days 2- freeze acct 3- 3more d to xfer
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(Ch. 13) 3 docs for lp / dpp's
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1- cert of ltd partnership 2- part agree 3- subscript agree
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(Ch. 13) bass in lp/dpp's
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initial invest + recourse debt reduced by $ dist
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(Ch. 13) liq priority for lp/dpp's
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1-secured creditors 2- other creditors 3- lp's 4- gp
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(Ch. 13) main reason to invest in lp/dpp's
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economic viability is primary concern
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(Ch. 14) 2 components of fiscal policy
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taxation spending
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(Ch. 14) 2 components of monetary policy
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discount rate reserve requirement
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(Ch. 14) 2 liquitidy ratios to know
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1- current ratio 2-acid test
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(Ch. 14) 3 components of money supply
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m1 = ccy & dep m2 = m1 + savings m3 = m2 + time dep
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(Ch. 14) three capitalization ratios to know
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1- debt/equity 2- bond ratio 3- cs ratio
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(Ch. 14) what kind of econ indicator are: duration of emp, corp profits, comm loans outstanding
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lagging indicators
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(Ch. 14) what kind of econ indicator are: money supply, bldg permits, unemp claims, orders, stock prices
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leading indicators
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(Ch. 14) what kind of econ indicator are: personal income, gdp, ind prod
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coincident indicator
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