Definitions - a. Finance - The science that describes the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
a. Finance - The science that describes the management of money, banking, credit, investments, and assets. b. Efficient Market - A market in which the values of all assets and securities at any instant in time fully reflect all available information, which results in the market value and the intrinsic value being the same. c. Primary Market - A market in which new, as opposed to previously issued, securities are traded. d. Secondary Market - A market where investors purchase securities or assets from other investors, rather than from issuing companies themselves. The national exchanges - such as the New York Stock Exchange and the NASDAQ are secondary markets. e. Risk - The likely variability associated with expected revenue or income streams. f. Security – Property which is pledged as collateral for a loan. g. Stock - A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings. h.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/11/2011 for the course FIN 370 taught by Professor Unknown during the Spring '08 term at University of Phoenix.

Page1 / 2

Definitions - a. Finance - The science that describes the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online