Letter T Dictionary

T+3: This refers to the fact that securities transactions must usually be settled within three days of the execution date.
T-Bill: A short-term obligated investment that is backed by the U.S. government. These...
tacit: When something is unspoken but understood as a result of physical symbolism.
tactics: Strategic actions taken in order to solve specific problems or accomplish certain goals.
Taft-Hartley Act of 1947: http://www.fxwords.com/t/taft-hartley-act-of-1947.html
tailgating: This is when a broker places the same orders as a customer, hoping to profit...
Taiwan Dollar: The name of the Taiwan currency.
Tajikistan Somoni: The currency of Tajikistan. Learn more about currencies at GoCurrency.com
take a bath: Slang terminology for incurring a significant loss on an investment.
take a flier: This is when one invests in a high-risk business opportunity or security, called a flier.
take a position: Enter into the market. See postion
take delivery: To accept or receive products, securities certificates, or physical commodities after a purchase.
take profits: This is when investors sell their stocks while prices are rising in order to...
take-home pay: The pay an employee actually receives after accounting for bonuses, taxes, health care premiums, and retirement savings plans.
take-or-pay contract: An agreement between a buyer and a seller where the buyer pays some amount to...
takeover: To acquire control of a corporation, called a target, by stock purchase or exchange....
takeover target: The company that is being subjected to an either friendly or hostile takeover.
tangible asset: An asset that has a physical form. Examples of tangible assets are cash, equipment,...
tangible net worth: The value of a person or a corporation, not including any intangible assets.
Tankan Survey - Japan: The Tankan Survey queries firms on the prevailing business climate and is conducted...
Tanzanian Shilling: The currency of Tanzania. Learn more about Tanzania and the Tanzanian Shilling at GoCurrency.com
tape: This is a service that provides quote and volume figures for all transactions...
tape is late: This is when real time quotes are delayed due to the great trade volume of a...
target: An aim or an end goal that is worked towards.
target price: The price at which a holder of a stock plans to sell the stock.
targeted repurchase: This is when a target company repurchases its own stock at a significant premium in order to prevent a hostile takeover.
tariff: A tax imposed on a product upon when it is imported into a country.
task force: A small team that is responsible for achieving specific goals on a short-term assignment.
tax: A fee that is charged by a government on a product, income, or activity. A tax...
tax anticipation note: Securities that tend to be short-term and are issued in anticipation of future...
tax audit: An examination and verification of a company's documents, financial records,...
tax base: The taxable value of assets, investments, or income. Many different assets have tax bases related to their assessed values.
tax basis: The purchase price used to determine capital gains and capital losses for tax...
tax bracket: This is the level of taxation a given individual experiences. It is evident...
tax credit: This is a dollar-for-dollar reduction of an individual's tax liability, rather...
tax deduction: An expense that is subtracted from adjusted gross income when calculating taxable...
tax deferral: This is when somebody chooses to pay for present taxes in the future. Differed...
tax equivalent yield: The pretax yield that an investment needs to have in order to provide the yield...
tax evasion: Not paying taxes, failing to report, or reporting inaccurately. Tax evasion...
tax haven: A country whose tax policies are favorable for foreign businesses and individuals.
tax identification number: This is an individual’s Social Security or a business’s Employer Identification Number.
tax lien: This is when the federal government enforces the liquidation of an individual’s...
tax loss carryback: A technique that makes it possible for a company to receive a tax refund by...
tax loss carryforward: This is the application of current year losses or credits to a future year. This tax loss is also called a carryforward.
tax lot: The tax implications of a set of transactions involving a particular security...
tax planning: To plan business decisions paying consideration to the tax implications of any...
tax preference item: This Item often subjects taxpayers to alternative minimum taxes.
tax rate: The percentage of an entity’s income, goods, services or assets that is paid...
Tax Reform Act of 1986: This act mandated many significant changes to the U.S. tax system.
Tax Reform Act of 1993: A law that increased tax rates in order to decrease the federal budget deficit....
tax refund: The government's return of any excess taxes that may have been paid in a previous period.
tax renevue anticipation note: A short-term debt that is taken on to improve cash flow and is secured by future...
tax return: This refers to the form that is filed in order to collect any excess tax payments from the previous period.
tax roll: This is a list of all taxable property within a given area.
tax sale: Selling an asset for which taxes have not been paid for a period of time.
tax schedule: An IRS forms used to itemize deductions, dividend and interest income, capital...
tax shelter: Tax shelters are investments or activities that reduce one's taxable income....
tax shield: The reduction of income tax liabilities through allowed deductions on taxable...
tax swap: An attempt to crystallize capital losses through the sale of a security that...
tax tables: People with incomes below $100,000 use these tables in order to determine the quantitative values of their tax burdens.
tax-advantaged: To have any form of tax benefits.
tax-deductible: This is when an item or expense is subtracted from adjusted gross income, reducing...
tax-deferred: This term is used in reference to taxes on income and capital gains that can...
tax-efficient: Such items are subject to less taxation than other similar investments.
tax-exempt: Something that is not taxed.
tax-exempt bond: A bond that is issued by the government; its interest payments are not subject...
tax-free bond fund: This is a tax-free mutual fund that specializes in municipal bonds.
tax-managed fund: A mutual fund that attempts minimize the taxation for its investors.
taxable event: Any transaction or event that has tax implications.
taxable income: This is a person’s gross income less any non-taxable deductions such as for retirement funds.
taxable wage base: This figure indicates the greatest dollar amount of wages that is subject to...
taxation: The government acquisition of funds from a person’s wages and assets.
taxes: Multiple fees levied on individuals and corporations responsible for funding government actions.
Taxpayer Relief Act of 1997: A new piece of tax legislation signed into law by President Clinton on August 5, 1997.
TD ARCS: Developed and trade marked by Tom DeMark, TD Arcs combine a percentage retracement...
TD Securities Inflation - Australia: A monthly estimate of inflation in the Australian economy. The report replicates...
tear sheet: This is an alternate named used for Standard & Poor's Stock Reports. These...
teaser rate: A low but temporary introductory rate assessed on an adjustable rate mortgage...
technical analysis: The art of forecasting price movements through the study of chart patterns,...
technical analyst: A person who invests based on technical information. This type of analyst is also called a technician.
technical decline: Decreasing security prices caused by technical factors that affect security...
technical indicator: A short-term trend that analysts can use to forecast future price movements...
technical rally: Increasing security prices caused by technical factors that affect security...
technicals: Short-term trends that analysts use to predict minor fluctuations of securities and/or commodities.
technician: A person who bases investment decisions on technical analysis. This person attempts...
TED spread: The difference between the rate for three month Treasury Bills and the rate...
telemarketing: The act of soliciting customers for the sale of a product or service over the telephone.
temp: A temporary or contract employee. Temps usually receive fewer benefits than permanent employees.
ten-bagger: A stock which rises to a value ten times as great as its original value.
tenancy: The possession and use of real estate that is owned by another party.
tenancy at will: A tenancy arrangement under which the tenant occupies real estate, with the...
tenancy by the entirety: This type of joint tenancy of property provides the right of survivorship and is only available to married couples.
tenancy in common: A type of joint tenancy of property that does not provide the right of survivorship;...
tenant: An entity, such as an individual or a business, which possesses real estate...
tender: A notice from a futures contract seller, requesting the delivery of the money or goods agreed upon in a futures contract.
tender offer: A takeover bid that publicly invites shareholders to sell their stock, often at a price above the market price.
tenure: A person’s duration of employment with a given company.
term: The period of time assigned as the lifespan of any investment. When referring...
term bond: A set of bonds that are issued and mature at the same time. Most corporate bonds are term bonds.
term CD: A CD with a maturity date that is at minimum one year after the date the CD is issued.
term certain method: A distribution calculation method based on life expectancy and used in relation...
term deposit: A savings account or CD that is held by a financial institution, usually a bank,...
term insurance: Insurance that only provides protection for a specified period of time. There...
term life insurance: Term Life Insurance refers to a traditional life insurance policy, set to expire...
term loan: A loan that is repaid through regular periodic payments. The most common repayment term is ten years.
term repo: A short period loan with a term of more than one day.
term sheet: A document summarizing the details of a potential venture capital investment....
term to maturity: The amount of time left on the term of a bond before it matures.
term trust: A closed-end fund conditioned upon a fixed termination or maturity date.
terminal value: The value of an item at the end of a specified time period. Some examples of...
terminate: To end or discontinue an agreement or position. This term is used most often in relation to contracts.
Termination Statement: In asset-based lending, this is the statement that the lender signs to signify...
terms: The specific conditions and exact details of an agreement or contract of any sort.
Terms of Trade Index - New Zealand: Measures how favorable New Zealand 's terms of trade are. The terms of trade...
Tertiary Industry Index - Japan: Evaluates the monthly change in output produced by Japan's service sector....
test: Test - A term used in technical analysis for price movement when it approaches...
testament: A legally enforceable declaration containing instructions regarding the disposal...
testamentary trust: A trust that is embedded in a will. It only takes effect after the death of the grantor.
testate: To have a legally valid will at the time of death. Someone who dies without such a will is intestate.
testator: Somebody who has a legally valid will.
testimony: A statement given by a competent witness under oath. Such a statement often serves as a piece of evidence.
Thai Baht: The name of the Thai currency.
THB: The ISO currency code for the Thai Baht.
The Street: An informal name for Wall Street that is often used in reference to the major markets as a larger composite entity.
theoretical value: This is the hypothetical price of an option as calculated by the Black-Scholes...
theta: The ratio of the change in an option's price to the amount of time that has...
thin market: A market is thin when there are few bids and offers. Such a market condition...
thinly traded: This refers to the infrequent or low volume trading of a security.
third market: Over-the-counter trading of listed securities among institutional investors...
third party: A party that is directly involved in a transaction or agreement in addition to the principals.
Third World: Nations whose economies are still in their economic developmental stages. These...
thrift: An organization formed for the purpose of holding deposits for individuals....
tick: This is the smallest possible movement in the price of a security. A tick may also be called a minimum fluctuation.
tick test: Restrictions on when a short trade may be executed. According to these restrictions,...
ticker: A scrolling display of current security prices and/or volumes.
ticker symbol: A combination of letters used to uniquely identify a stock or mutual fund listed and traded on an exchange.
ticker tape: A scrolling line that provides quote and volume information for select securities...
ticket: A form that is completed by a Registered Representative of a brokerage upon...
tier: A class of securities.
tight market: A market characterized by high volume and small spreads.
tight monetary policy: A central bank policy designed to curb inflation by increasing the reserves...
tight money: A central bank policy designed to curb inflation by increasing the reserves...
time decay: The ratio of the change in an option's price to the decrease in its time to...
time deposit: A savings account or CD held in a financial institution, usually a bank. It...
time draft: A draft that is payable at a specified time in the future, or under particular circumstances.
time horizon: The expected length of time of an investment prior to liquidation. It is also called the investment horizon.
time note: A promissory note specifying the repayment date or dates, as opposed to simply recording a promise to pay back loans.
time order: An order to execute a specified transaction at a precise time. If the order...
time premium: The amount by which an option's premium is greater than its intrinsic value. This is also referred to as time value.
time spread: An option strategy involving the purchase and sale of put options and call options...
time stop: An instruction to exit a position after a specific time period has passed if...
time to market: The period of time that is necessary to get a product to marketplace.
time value: The amount by which an option's premium exceeds its intrinsic value. This is also called a time premium.
time value of money: The idea that a dollar now is worth more than a dollar in the future because...
time-sharing: The renting of a single piece of real estate, often a vacation home, to many...
times interest earned: This is a measure of the creditworthiness of a company. It is equal to Earnings...
timing the market: Attempting to predict future market directions by examining recent price and...
tip: An optional payment that supplements a required payment. Such a payment is supposed...
TIPS: An acronym for Treasury Inflation-Protected Security. This security is identical...
title: A legal document that provides evidence of ownership.
title binder: A temporary insurance binder for a piece of real estate that is pending closing and the issuance of a permanent title.
title company: A company that exams and insures title claims, usually for real estate, on behalf of its customers.
title defect: Any encumbrance or claim that might invalidate a title to a property; a cloud on title.
title insurance: This insurance protects a lender or property owner against loss in the event of a property ownership dispute.
title search: The process of examining all relevant records to confirm that the seller of...
TJS: This is the ISO currency code for the Tajikistan Somoni. Learn more about currencies at GoCurrency.com
TMM: This is the ISO currency code for the Turkmenistan Manat. Learn more about currencies at GoCurrency.com
TND: The ISO currency code for the Tunisian Dinar. Learn more about Tunisia and the Tunisian Dinar at GoCurrency.com
toehold purchase: To buy less than 5% of a company's outstanding stock as a possible precursor...
Togo Republic Franc: The name of the Togo currency.
Tokelau Dollar: The name of the Tokelau currency.
Tokyo Condominium Sales - Japan: The annualized change in the value of condominiums sold each month within the...
tombstone: This term refers to an advertisement that an investment bank places in a business...
ton: This is an informal term for $100 million in bonds.
Tonga Pa'Anga: The name of the Tonga currency.
top: This is the highest price a security reaches over a given period of time. It is also the opposite of bottom.
top hat plan: A nonqualified retirement plan which is limited to select employees. This plan...
top line: This term refers to the total revenues figure which appears at the top of an income statement.
top out: The plateau that occurs at the conclusion of a rally and signifies the end of a trend of increasing prices.
top-down: This investing strategy begins with an analysis of the overall performance of...
tort: A civil unlawful act other than a breach of contract. Tort usually refers to...
total asset turnover: This is a figure derived by dividing net sales by total assets. This figure...
total assets: All current and long-term assets owned by a person, company, or other entity.
total cost: In economics, this is the sum of fixed costs, variable costs, and semi-variable costs.
total return: The return on an investment. This includes income from dividends and interest,...
total return index: An index that calculates the performance of a group of stocks. In this calculation,...
tout: To promote a particular security in an aggressive manner. This is usually done...
tracking: To monitor a group of stocks in order to learn how the prices move or to profit...
tracking error: When indexing or using any other benchmarking strategy, this is the amount by...
tracking stock: Common stock issued by a parent company that tracks the performance of a particular...
trade: A transaction of a good, service or security. Although widely accepted as the...
trade association: An organization of individuals or firms who organize themselves with the objective of promoting common interests.
trade balance: A country's trade balance reflects the difference between exports and imports...
Trade Balance - Australia: The trade balance figure is simply the difference between the amount of export...
Trade Balance - Euro-zone: The difference between exports and imports of Euro-zone goods and services....
Trade Balance - Germany - Euro-zone: The difference between the value of exports and imports in Germany. Trade Balance...
Trade Balance - Japan: The difference between the total value of exports and the total value of imports....
Trade Balance - Switzerland: The difference between the total value of Swiss exports and imports. Due to...
Trade Balance - UK: The difference between exports and imports of British goods and services. The...
Trade Balance - United States: The US Trade Balance refers to the difference between exports of goods and services...
trade barrier: Any government policy or regulation that restricts international trade (i.e. import quotas, tariffs).
trade credit: A firm’s open account arrangements with its vendors.
trade date: The date on which the transaction occurs. The trade date ranges from one to...
trade deficit: A negative balance of trade (i.e. imports exceed exports). Also known as a trade gap
trade house: A particular firm that that mediates the sale of commodities.
trade journal: Any publication printed with the intention of target marketing to a specific industry or type of business.
trade name: The official name denoted to a product or service.
trade secret: Any mechanism that provides a firm with a competitive advantage (i.e. a formula, system, tool).
trade show: An exhibition of a specific industry’s goods and services.
trade surplus: A positive balance of trade (i.e. exports exceed imports).
trade-in allowance: A deduction in the price of a new item as a result of the handover of an old item.
trademark: A specific symbol or design that legally identifies a firm and/or its products,...
trader: One who buys and sells goods, services, or securities.
trading: The buying and selling of securities or commodities for the purpose of gaining profit.
trading authorization: A client’s permission granting his or her brokerage the power of attorney in making trades.
trading costs: The costs associated with a transaction, including both the commission and the bid/ask spread.
trading curb: An ad hoc temporary impediment to trading to reduce dramatic price movements of a certain security (i.e. the tick test).
trading dividends: The practice by some corporations of buying and selling other corporations'...
trading floor: The site of a trading transaction.
trading halt: A temporary stoppage of trading in a particular security for a specific reason,...
Trading Index: TRIN. A market indicator calculated by the following: Arms Index = [(# of advancing...
trading on the equity: A business endeavor involving the borrowing of funds to increase capital investment....
trading pattern: The graphical depiction of a security's price over a specified time period....
trading profit: The profit gained from a position held for less than one year. The profit is...
trading range: Range refers to the area between high and low prices a currency pair tends to...
trading session: The period in which trading activities occurs, spanning from the time the market opens until the closing of the market.
trading volume: The quantity of shares, bonds or contracts traded during a designated time period for a security or an entire exchange.
trailing: The most recently completed time period. For example, trailing twelve months...
trailing P/E: The price to earnings ratio, quantified by using earnings for the four most recently completed quarters.
trailing stop loss: Trailing stopThe trailing stop is a feature attached to stop-loss orders, where...
tranche: A portion of a deal or structured financing, which is one of several related...
transaction: An agreement between a buyer and a seller to exchange an asset for payment.
transaction costs: The costs incurred in the process of buying or selling assets (i.e. commissions and the spread).
transfer: The change of ownership from one party to another.
transfer agent: An agent employed by a corporation or mutual fund to maintain shareholder records.
transfer payments: Any form of cash inflow given by the government to its citizens (i.e. Social...
transfer pricing: The price charged by one division of a company for products and services it...
transfer tax: A state or local tax to be paid upon the transfer of a title.
transmittal letter: A letter attached to a shipment of securities, explaining the purpose for the shipment.
transparent market: A market in which trade information is readily available to the public.
traveler's check: A check issued by a financial institution that functions as cash, but is protected...
treasurer: The position in a firm or organization that is responsible for the collection,...
Treasuries: Negotiable U.S. Government debt obligations issued by the U.S. government in...
Treasury: The name given to the center of financial operations of a firm, which is responsible for issuing new securities.
Treasury auction: An auction in which Treasury Bills are sold to the public.
Treasury Bill: One of three types of Treasuries. Treasury Bills have a maturity of one year...
Treasury Bond: One of three types of Treasuries. Treasury Bonds have a maturity of more than...
Treasury Direct: A system operated through Federal Reserve Banks, which allows retail investors...
Treasury index: An index that determines interest rate changes for certain adjustable rate mortgages.
Treasury Inflation-Protected Security: TIPS. A security similar to a treasury bond, with the difference being that...
Treasury Note: One of three types of Treasuries. Treasury notes have a maturity of between 1 and 7 years. Also called U.S. Treasury Note.
Treasury Stock: Stock that is reacquired by a corporation to be resold to the public. Treasury...
trend: The general pattern of movement for prices or rates.
trend analysis: A graphical analysis of a firm's financial data over time.
trend reversal: The change in the general pattern of a market, such as a rally. Also called reversal.
trendline: A form of technical analysis formation created by drawing a line that connects...
Treynor Index: The measure of a portfolio's excess return per unit of risk, calculated by the...
trial balance: The summation of total debit balances and credit balances, to confirm that total debits equal total credits.
trial offer: A temporary offer, either free or heavily discounted, to encourage customers to purchase the product after the trial period.
Triangle Chart Pattern: A triangle is formed between converging trend lines. One ascending support line,...
trickle-down theory: An economic theory, which states that the positive externalities and spillover...
trigger: An event signifying that an investor will make a specific trade (i.e. reaching a specified price target).
TRIN: Trading Index. A market indicator calculated by the following: Arms Index =...
Trinidad/Tobago Dollar: The currency of Trinidad/Tobago.
triple bottom: A technical analysis term used to describe a chart on which the price of a security...
triple exemption: A bond whose dividends and interest are exempt from federal, state and local income taxes for investors in certain locations.
triple net lease: A lease, where the lessee pays rent to the lessor, as well as all taxes, insurance,...
triple witching day: The day on which triple witching hour occurs.
triple witching hour: The last hour of the stock market trading session on the third Friday of March, June, September, and December.
TRIX - Triple Exponential Smoothing Oscillator: As a momentum indicator, this oscillator is based on smoothed moving averages...
TRL: The ISO currency code for the Turkish Lira.
troubleshooting: The act of problem solving
trough: A local minimum point.
trust: A legal arrangement in which the trustor gives fiduciary control of property to a predetermined trustee.
trust company: An organization that acts as a fiduciary, trustee or agent in the administration of trust funds, estates and custodial arrangements.
trust fund: Assets held in a trust.
trust-preferred security: A security possessing characteristics of both equity and debt issues.
trustee: An individual or organization that holds assets for the benefit of another....
trustee in bankruptcy: A court-appointed trustee who is assigned the duty of administering the affairs of a bankrupt company or individual.
trustor: An individual who sets up a trust. Also known as a grantor.
Truth in Lending: A federal law requiring lenders to fully disclose in writing the terms and conditions...
TRY: The ISO currency code for the New Turkish Lira.
TTD: The ISO currency code for the Trinidad/Tobago Dollar.
TTM: An Acronym for Trailing Twelve Months. The timeframe of the previous twelve months used for reporting financial figures.
Tunisian Dinar: The currency of Tunisia. Learn more about Tunisia and the Tunisian Dinar at GoCurrency.com
Turkish Lira: The currency of Turkey.
Turkmenistan Manat: The currency of Turkmenistan. Learn more about currencies at GoCurrency.com
Turks & Caicos Dollar: The currency of Turks & Caicos. See GoCurrency World Currencies Page & Currency Converter
turnaround: An acute, positive reversal in a given firm’s financial performance.
turnkey: A compound term originating from the expression, ‘turning the key.’ Turnkey...
turnover: "In the context of a firm, the inventory turnover represents the ratio of annual...
turnover ratio: A measure of the number of times a company's inventory is replaced during a...
Tuvalu Dollar: The currency of Tuvalu. Although the country is independent, Tuvalu uses...
TWD: The ISO currency code for the Taiwan Dollar. Learn more about Taiwan and the Taiwan Dollar at GoCurrency.com
twisting: The unethical practice employed by some brokers to maximize their commissions...
two-sided market: A market in which the market makers are required to give both a bid price and...
two-step mortgage: A type of adjustable mortgage plan in which there are two distinct interest...
two-way market: A market in which the market makers are required to give both a bid price and...
tycoon: A wealthy, powerful businessperson. Also known as magnate.
type: The classification of an option contract as one of the following: a put or a call.
TZS: The ISO currency code for the Tanzanian Shilling. Learn more about Tanzania and the Tanzanian Shilling at GoCurrency.com