Super Finance Glossary
Over 10,000 financial glossary terms...
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Nikkei
Definition: The common term for the Nihon Keizai newspaper, Japan's leading financial newspaper. The Nikkei usually refers to the price-weighted average of 225 stocks of the first section of the Tokyo Stock Exchange.
Definition: The common term for the Nihon Keizai newspaper, Japan's leading financial newspaper. The Nikkei usually refers to the price-weighted average of 225 stocks of the first section of the Tokyo Stock Exchange.
Nikkei Stock Average
Definition: Applies mainly to international equities. Price-weighted average of 225 stocks of the first section of the Tokyo Stock Exchange started on May 16, 1949. Japanese equivalent of the US Dow.
Definition: Applies mainly to international equities. Price-weighted average of 225 stocks of the first section of the Tokyo Stock Exchange started on May 16, 1949. Japanese equivalent of the US Dow.
Nine-bond Rule
Definition: An NYSE rule requiring that orders for nine bonds or fewer stay on the floor for one hour to seek a market.
Definition: An NYSE rule requiring that orders for nine bonds or fewer stay on the floor for one hour to seek a market.
No Adjournment
Definition: Within the text on the proxy, card are the words: "Shares will be voted at this annual meeting or at any adjournment thereof." If a securityholder strikes out this phrase, the proxy cannot be counted at any adjournment (reconvening) of the meeting.
Definition: Within the text on the proxy, card are the words: "Shares will be voted at this annual meeting or at any adjournment thereof." If a securityholder strikes out this phrase, the proxy cannot be counted at any adjournment (reconvening) of the meeting.
No Book
Definition: Used for listed equity securities. Not much, if any, stock is being bid for or offered at the present time by customers or the specialist.
Definition: Used for listed equity securities. Not much, if any, stock is being bid for or offered at the present time by customers or the specialist.
No Protest
Definition: Instructions given to a collecting bank not to protest a specific item in the event of non payment or non acceptance.
Definition: Instructions given to a collecting bank not to protest a specific item in the event of non payment or non acceptance.
No Substitution
Definition: Within the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder strikes out this phrase, the proxy cannot be voted if there is a change in the designated proxy committee.
Definition: Within the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder strikes out this phrase, the proxy cannot be voted if there is a change in the designated proxy committee.
No-action Letter
Definition: A letter from the Securities and Exchange Commission agreeing that the commission will take no civil or criminal action against a party, regarding a specific activity.
Definition: A letter from the Securities and Exchange Commission agreeing that the commission will take no civil or criminal action against a party, regarding a specific activity.
No-brainer
Definition: A market in which it does not take very complex analysis to figure out how securities are going to perform, such as a strong bull market.
Definition: A market in which it does not take very complex analysis to figure out how securities are going to perform, such as a strong bull market.
No-load Fund
Definition: A mutual fund that does not impose a sales commission. Related: Load fund, no-load mutual fund.
Definition: A mutual fund that does not impose a sales commission. Related: Load fund, no-load mutual fund.
No-load Mutual Fund
Definition: An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee.
Definition: An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee.
No-load Stock
Definition: Shares that can be purchased from the issuing companies themselves, so that broker fees and commissions can be avoided.
Definition: Shares that can be purchased from the issuing companies themselves, so that broker fees and commissions can be avoided.
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