Annualized Rate of Return
Annualized rate of return, or compounded average annual rate of return, is the average yearly return for periods greater than one year. Annualized rate of return takes into account the reinvestment of dividends and capital gains, and is compounded yearly.
A contract sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement. Fixed annuities guarantee a certain payment amount, while variable annuities do not, but do have the potential for greater returns. Both are relatively safe, low-yielding investments. All capital in the annuity grows tax-deferred. An early withdrawal penalty often applies.
An increase in the value of your property because of positive events, such as favorable changes in market conditions or enhancements made to the property.
The simultaneous purchasing and selling of the identical item in different markets to yield profits with zero risk. It is a technique used to take advantage of differences in price.
Also referred to as an "offer", the price at which an investor can buy from a broker-dealer.
A term used to describe any order executed not on the actual trade date, but "as of" the actual trade date.
Valuation placed on property for purposes of taxation. May or may not be the same as market valuation.
A local area tax charged against a property for a specific purpose, such as a sewer or street signage.
An item of value owned by an individual or corporation. Assets are usually financial or economic and may be converted to, or exchanged for, cash. Examples include stocks, bonds and real estate.
The ability of a company's assets to cover a debt obligation.
Asset Guaranty Insurance Company
Asset Guaranty Insurance Company was founded in 1988 as an insurer and reinsurer of financial guaranty insurance and other credit-related insurance lines. Asset Guaranty is rated AA by Standard & Poor's and AAA by Duff & Phelps. Asset Guaranty Insurance Company is a wholly owned subsidiary of Enhance Financial Services, Inc. (NYSE: EFS).
A governmental entity incorporated to perform a public service, generally to finance, construct, own and/or operate a particular project(s). Most bond issuing authorities are not able to levy taxes, and pledge only specific revenues to the repayment of bonds which they issue.
Automatic Investment Plan
A program that allows you to invest periodically in a mutual fund.
Average Annual Return
A percentage rate of return that includes the effects of sales charges, all cash inflows and outflows, and taxes in a mutual fund.
Average Annual Total Return
The annualized return for the security, averaged over the specified time period.
Average Coupon (Percentage)
The average duration value of all bonds held by the security.
Average Duration (In Years)
The average duration in years for all securities held by the mutual fund or sub-account.
On a mortgage security, the average time to receipt of each dollar of principal, weighted by the amount of each principal prepayment, based on prepayment assumptions.
Average Maturity (In Years)
The average maturity in years for all securities held by the mutual fund or sub-account.
Average Price/Book (P/B)
The average Price/Book (P/B) for all equities held by the mutual fund or sub-account. Price/Book (P/B): The market price divided by stock equity. The ratio shows how much investors are willing to pay for each dollar of company equity.
Average Price/Earnings (P/E)
The average P/E for all equities held by the mutual fund or sub-account. See also Price/Earnings (P/E).
Average Quality (Alpha)
The average quality value of all bonds held by the security. Bond Quality: Indicates the likelihood of default by the bond issuer. A ratings method based on the range from AAA (highly unlikely) to D (in default) is used to measure the default probability.
Average Years to Maturity
The average number of years until all negotiable instruments held by a mutual fund or sub-account become due and payable.
Average Yield to Maturity
The average rate of return on a debt security held to maturity, including appreciation and interest, for all debt securities held by the mutual fund or sub-account.