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MARGIN REQUIREMENT: The fraction of the purchase price of financial investments, like stocks and bonds, that the buyer must pay for in cash. The remaining part of the purchase price can thus be financed with credit.
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CERTIFICATES OF DEPOSIT Interest-paying bank accounts maintained by traditional commercial banks, credit unions, savings and loan associations, and mutual savings banks that stipulate a fixed interest rate and the length of maturity before the funds can be withdrawn. Certificates of deposit (CDs) pay a higher interest rate than regular savings accounts, but the funds cannot be withdraw at the full interest rate until the maturity date. These are one of two types of time deposits. The other is savings deposits. Certificates of deposit, along with savings deposits and other near monies, are added to M1 to derive M2.
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GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time searching the newspaper want ads wanting to buy either a weathervane with a horse on top or a case of blank recordable DVDs. Be on the lookout for letters from the Internal Revenue Service.
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The 1909 Lincoln penny was the first U.S. coin with the likeness of a U.S. President.
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"Life is a promise; fulfill it. " -- Mother Teresa, humanitarian
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CME
Chicago Mercantile Exchange
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