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Inverse ETF

A type of ETF (exchange-traded fund) that is designed to benefit from any declines in the underlying index or market...

Convertible Preferred Share

A preferred share that is embedded with an option for the holder to convert it into a specific number of...

Exchange-Traded Fund

A basket of securities that is linked to an underlying index for the purpose of tracking its performance over time....

ETF

It stands for exchange-traded fund; a basket of securities that is linked to an underlying index for the purpose of...

Pure Discount Bond

Also discount bond. By definition it is a bond that accrues interest over its life. Accrued interest is only payable...

Discount Note

A note that constitutes a short-term debt obligation issued at a discount to par (its par value). The note makes...

Fixed Rate Preferred Stock

A preferred stock that has its dividends set at a fixed monetary amount or a percentage of its par value...

Noncumulative Preferred Share

A type of preferred share that does not entitle its holders to receive any dividends that have not been earlier...

Cumulative Preferred Share

A class of preferred share that entitles an investor to receive dividends that were missed from period to period. The...

Cumulative Preferred Stock

A class of preferred stock that entitles an investor to receive dividends that were missed from period to period. The...