- Auction
- A process allowing investors to place bids which may influence the prices and yields of securities they purchase.
- Bid by Price
- A designation to bid in a securities auction to influence the price of a security.
- Bid by Yield
- A designation to bid in a securities auction to influence the yield of a security.
- Broker Call Rate
- Interest rate charged by banks on loans made to Broker-Dealers.
- Buy Today
- Purchase a security at a set price without participating in an auction.
- Call Feature
- Identifies whether or not a bond is callable, which means the issuer can buy the bond back prior to maturity.
- Corporate Bond
- A bond issued and backed by a corporation (i.e. banks, retail chains, etc.)
- Coupon
- The annual interest rate that will be paid to the holder of a security, expressed as a percentage of the par value.
- Current Auctions
- Active auctions in which investors can still place bids.
- Current Market Clearing Price
- The most recent price, in dollars at which a given security was traded.
- Current Market Clearing Yield
- The most recent yield at which a given security was traded.
- Exchange Process Fee
- A fee charged by Zions Direct which offsets fees imposed by national securities and self-regulatory organizations or by U.S. option exchanges. This fee is in addition to commissions charged.
- FDIC-Insured CD
- A certificate of deposit that is backed by the Federal Deposit Insurance Corporation.
- First Interest Date
- The day the first interest payment will be made.
- Int. Accrual Date
- The day on which interest begins to accumulate.
- Int. Frequency
- When or how often interest payment(s) will be made. (i.e. 'At Maturity,' 'Semi-Annually')
- Issue Type
- Indicates the nature of the sale of a given security (i.e. Primary or Secondary)
- Issuer
- The entity offering to sell a security to investors.
- Maturity Date
- The day on which the issuer will return the principal to the investor.
- Municipal Bond
- A bond issued by a municipality to fund public projects like the construction of schools, roads, hospitals, etc.
- Past Auctions
- Results from auctions that have already closed.
- Price
- The actual cost of the security.
- Security
- An exchangable asset of value, including stocks, bonds, and other financial instruments.
- Settlement Date
- The day an executed trade must be reconciled - i.e. the buyer or auction winner must pay for securities obtained.
- Stock
- An equity security that denotes partial ownership in the issuing company, entitling the shareholder to a portion of its income.
- Term
- The length of time between a security's settlement date and its maturity date.
- US Agencies
- Securities issued by US government organizations.
- Yield
- The annual interest generated by a security divided by its current market price, expressed as a percentage.