WORD OF THE DAY: COMPOUND INTEREST BOND - Same as capital appreciation bond (CAB) or zero coupon bond, it refers to securities that are issued at par, but which do not remit interest to the holder until maturity. The interest accrues at the c ... More
1. ) Used for listedequitysecurities, it is a series of trades printed on the ticker tape that occur on the NYSE before 4:00 p.m. However, because of heavy trading that makes the tape late, these trades are not reported until afterwards.
Fund Letters
