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1. Q: please tell me what the "make whole call" is

   Category: glossary , Asked by: Allison E. From United States

   A: A type of call provision on a bond allowing the borrower to pay off remaining debt early. The borrower has to make a lump sum payment derived from a formula based on the net present value (NPV) of future coupon payments that will not be paid because of the call. A make whole call will be defined in the indenture. The issuer doesn't expect to have to use this type of provision, but if the issuer does, investors will be compensated, or "made whole." Because the cost can often be significant, such provisions are rarely invoked.

2. Q: please tell me what a "quote currency" is

   Category: glossary , Asked by: L. D. From Corona, United States

   A: "quote currency " is The second currency quoted in a currency pair in forex. In a direct quote, the quote currency is the foreign currency. In an indirect quote, the quote currency is the domestic currency. Also known as the "secondary currency" or "counter currency". Understanding the quotation and pricing structure of currencies is essential for anyone wanting to trade currencies in the forex market. If you were looking at the CAD/USD currency pair, the U.S. Dollar would be the quote currency, and the Canadian dollar would be the base currency. Major currencies that are usually shown as the quote currency include the U.S. Dollar, the British pound, the euro, the Japanese yen, the Swiss franc and the Canadian dollar.

3. Q: please define a "certificate of origin - cO"

   Category: glossary , Asked by: Valery L. From United Kingdom

   A: the "certificate of origin - cO " is A document declaring in which country a commodity or good was manufactured. The certificate of origin contains information regarding the product's destination and country of export and is required by many treaty agreements before being accepted into another nation. Trade restrictions, tariffs, embargoes and duties can all be affected by the certificate of origin. Because some nations limit or ban imports from certain countries, all incoming goods would be required to have a CO. To encourage imports from specific nations, governments may lower the duty on goods if accompanied by a CO from those countries.

4. Q: do you know what the "will" is?

   Category: glossary , Asked by: Adrianna C. From Switzerland

   A: A legally enforceable declaration of how a person wishes his or her property to be distributed after death. In a will, a person can also recommend a guardian for his or her children. Also known as a "will and testament". Making a will is a very important component of estate planning. In it you declare who gets your belongings and assets when you die. If you do not have a will, the distribution of your property is left up to the government, and may even end up becoming state property. A will helps ensure that your wishes are carried out, and it can make things simpler and easier for your heirs.

5. Q: what is "basis point"?

   Category: glossary , Asked by: W. Q. From Gloucester, United Kingdom

   A: a "basis point " is A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly used for calculating changes in interest rates, equity indexes and the yield of a fixed-income security. The relationship between percentage changes and basis points can be summarized as follows: 1% change = 100 basis points, and 0.01% = 1 basis point. So, a bond whose yield increases from 5% to 5.5% is said to increase by 50 basis points; or interest rates that have risen 1% are said to have increased by 100 basis points.

6. Q: do you know what the "bond washing" is?

   Category: glossary , Asked by: M. U. From Longueuil, Canada

   A: "bond washing " is The sale of a bond with interest due and its repurchase after coupon payment, to convert the interest income into a capital gain. It is a way for some investors to avoid tax.

7. Q: please tell me what the "down payment" is

   Category: glossary , Asked by: Annabelle G. From Namur, Belgium

   A: a "down payment " is A type of payment made in cash during the onset of the purchase of an expensive good/service. The payment typically represents only a percentage of the full purchase price; in some cases it is not refundable if the deal falls through. Financing arrangements are made by the purchaser to cover the remaining amount owed to the seller. Making a down payment and then paying the rest of the price through installments is a method that makes expensive assets more affordable for the typical person. For example, because houses are extremely expensive assets, home buyers typically pay down payments that equal 5-25% of the total value of a home. The remaining 75-95% of the price will be covered by a bank or other financial institutions through a mortgage loan.

8. Q: Which site has helpful help team through phone?

   Category: general , Asked by: Lea J. From Ireland

   A: We believe "etoro.com" is totally the forex site for you if you'd like a site that offers an appropriate customer support - the technical support service is ideal, the guys there are totally helpful, and also completely polite.

9. Q: What's your recommendation if I prefer a fx web trading platform that's accessible for first time traders?

   Category: platform , Asked by: Kade I. From United States

   A: We believe "GCI" is the one to consider if you search for a fx web trading platform that enables interesting first-timers tutorials. This place offers precise trading schools for first-timers, with great interface and instructions. You can totally educate yourself reading them.

10. Q: please define an "open-end management company"

    Category: glossary , Asked by: V. Medina from United States

    A: A company that distributes and redeems securities it issues. The most common open-end management companies are mutual fund companies which sell and redeem shares at the net asset value per share. This is just a fancy legal name for a mutual fund. An investor in an open-end fund essentially pools his/her money with other investors in order to attain economies of scale, professional management, etc. This differs from a closed-end fund which has a limited number of shares available. Unlike with open-end funds, an investor in a closed-end fund typically sells his/her shares on the open market to another investor instead of back to the fund company.