Extended Trading
What is Extended Trading? Extended trading (or electronic trading hours) is trading conducted by electronic networks either before or after the trading day of a stock exchange, i.e., pre-market trading or after-hours trading. It tends to be limited in volume than regular trading hours when the exchange is open. Pre-market stock trading in the U.S....
Debt/Bond Fund
What is a Debt/Bond Fund? A debt fund or a bond fund is a pool of investments, usually a mutual fund or an exchange-traded fund, that invests in fixed-income securities. The fixed-income securities include government bonds, corporate bonds, money market instruments, junk bonds, etc. An example of a bond fund is the Vanguard Total Bond...
Day-Count Convention
What is a Day-Count Convention? A day-count convention is a methodology that determines the number of days that interest accrues between coupon payment days. It is used in a variety of debt securities such as bonds, mortgages, swaps, and forward rate agreements (FRAs). For interest-earning investments, if transactions are not made on the coupon payment...
Defined-Contribution Plan
What is a Defined-Contribution Plan? A defined-contribution plan (also known as a DC plan) is a type of pension fund payment plan to which an employee, and sometimes an employer, make regularly occurring contributions. Each employee maintains an individual pension account and is entitled to the contributions made (by the employee and, if applicable, the...
Developed Economy
What is a Developed Economy? A developed economy is a region, typically a country, with a high level of wealth and resources available to its residents or citizens. What Does “Developed” Mean? The notion that an economy is “developed” is not rigorously defined and is instead based on the consideration of a multitude of factors....
