BUY TO COVER
Stock transaction which closes out a prevailing short position. Short sale entails selling shares of a firm that one does not own as stocks are borrowed and need to be paid out at certain point. By purchasing an equal number of shares and borrowed ones, the order covers the sale and the share can be given back to the original lender. Typically, the lender is the investor’s own broker or dealer but the latter may have to borrow the shares from a third party.
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Multi-Advisor Fund
An investment fund being administered by more than one investment manager. Every fund has a single specialty. It aims to make investment decisions ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
E-Mini
Electronically traded futures contract on the Chicago Mercantile Exchange (CME), which is ⅕ the size of the normal futures contracts. These are ava ...
Two-Step Mortgage
Adjustable rate mortgage which offers an initial fixed interest rate over a time period, then offers another interest rate based on current market ...
Top Holdings
Group of highest volume of publicly traded assets held by an investor, firm, or fund. Publicly traded assets include company shares, bonds, mutual ...
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