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23 Cards in this Set
- Front
- Back
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Spot Markets
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The markets in which assets are nought or sold for "on-the-spot" delivery.
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Futures Markets
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The market in which participants agree today to buy or sell an asset at the same future date.
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Money Markets
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The financial markets in which funds are borrowed or loaned for short periods (less than a year).
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Capital Markets
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The financial markets for stocks and for intermediate- or long-term debt (one year or longer).
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Primary Markets
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Markets in which corporations raise capital by issuing new securities.
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Secondary Markets
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Markets in which securities and other financial assets are traded among investors after they have been issued by corporations.
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Private Markets
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Market in which transactions are worked out directly between two parties.
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Public Markets
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Markets in standarized contracts are traded on organized exchanges.
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Devivative
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Any financial asses whose value is derived from the value of some other "underlying" assett
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Investment Banking House
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An organization that underwrites and ditributes new investment securities and helps businesses obtain financing.
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Commercial Bank
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Traditional department store of finance serving a variety of savers and borrowers.
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Financial Services Corporation
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A firm that offers a wide range of financial services, including investment banking, brokerage operations, insurance, and commerical banking.
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Mutual Funds
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Organizations that pool investor funds to purchase financial instruments and thus reduce risks through diversification.
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Money Market Funds
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Mutual funds that invet in short-term, low-risk securities and allow investors to write checks against their accounts.
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Physical Location Exchanges
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Formal organizations having tangible physical locations that conduct auction markets in designated ("listed") securities.
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Over-the-Counter (OTC) Market
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A large collection of brokers and dealers connected electronically by telephones and computers, that provides for trading in unlisted securities.
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Dealer Market
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Includes all facilities that are needed to conduct security transactions not conducted on the physical location exchanges.
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Closely Held Corporation
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A corporation that is owned by a few individuals who are typically associated with the firm's management.
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Publicly Owned Corporation
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A corporation that is owned by a relatively large number of individuals who are not actively involved in its management.
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Going Public
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The act of selling stock to the public at large by closely held corporation or it principal stockholders.
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Initial Public Offering (IPO)Market
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The market for stocks of companies that are in the process of going public.
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Efficient Markets Hypothesis (EMH)
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The hypothesis that securities are typically in equilibrium --that they are fairly priced in the sense that the price reflects all publicly available information on each security.
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Behavioral Finance
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Incorporates elements of cognitve psychology into finance in an effort to better understand how individuals and entire markets respond to different circumstances.
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