Adjusted Closing Price
What is the Adjusted Closing Price? The adjusted closing price is a calculation adjustment made to a stock’s closing price. The original closing price is the final price in which a stock, or any other particular kind of security, trades during market hours on that specific trading day. However, the original closing price does not...
Accredited Asset Management Specialist (AAMS®)
What is an Accredited Asset Management Specialist (AAMS®)? Accredited Asset Management Specialist (AAMS®) is a designation for finance professionals who are becoming financial advisors or are new to becoming financial advisors. The AAMS designation will provide the advisors with fundamental financial knowledge with a specification in asset management and investment. Breaking Down AAMS® The AAMS®...
Negotiable Certificate of Deposit (NCD)
What is a Negotiable Certificate of Deposit (NCD)? A negotiable certificate of deposit (NCD) refers to a certificate of deposit with a minimum par value of $100,000, although typically, NCDs will carry a much higher face value. They are also known as jumbo CDs. NCDs are guaranteed by a bank and can be traded in...
Negotiated Dealing System (NDS)
What is the Negotiated Dealing System (NDS)? The Negotiated Dealing System (NDS) is a fully electronic trading platform that is instituted and operated by the Reserve Bank of India (RBI) with the mandate of facilitating the issuance and secondary trading of government-issued securities and other types of money market instruments. In February 2002,...
Macaulay Duration
What is Macaulay Duration? Macaulay duration is the weighted average of the time to receive the cash flows from a bond. It is measured in units of years. Macaulay duration tells the weighted average time that a bond needs to be held so that the total present value of the cash flows received is equal...
