There are two sides to the contract, the buying side and selling side. An account with a brokerage firm that is settled in cash. It is different from a margin account in that the brokerage has not extended credit. Cash Equivalents Investments or commodities that are said to be equal to cash most commonly due to their liquidity. A debt instrument issued by a bank.
CDs are negotiable, transferable and pay interest for a specified period.
The theory that there is a divider that is not crossed between investment banking departments and the brokers that are advising their clients. A mutual fund that has a set number of shares that trade on an exchange like a security. Closed-end funds can vary in price due to the value of the investments within or by the change in demand of the fund. Combination An options strategy that has either two long positions or two short positions and either the strike prices or the maturities are different. These obligations are unsecured and generally have maturities ranging between 2 and 270 days.