mark berch

Mark Berch

Repatriation
The return from abroad of the financialassets of an organization or individual.

To be announced (TBA)
A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered.

NRA (Non-Resident Alien) Tax
The tax which must be withheld by the corporation or its disbursing agent (usually 15% or 30%, depending on the hold's citizenship).( - Mark Berch)

Mark Berch: Refund
To retire existing bondissues through the sale of a new bondissue, usually to reduce the interest rate being paid.

Federal agency securities
Securitiesissued by corporations and agencies created by the US government, such as the Federal Home Loan Bank Board and Ginnie Mae.

Default premium
A differential in promised yield that compensates the investor for the risk inherent in purchasing a corporate bond that entails some risk of default. Often the premium is measured as the yield over and above a government bond yield of similar coupon and maturity. ( Mark Berch )

Restricted stock units
Similar to restricted stock. However, the unit represents a promise that employees will receive stock in the future. The units do not pay dividends until the stock is vested.

Mark Berch

Exchange privilege
A mutual fundshareholder's right to switch from one fund to another within one fund family, usually at no additional charge.

Mark Berch: Grantor trust
A mechanism of issuingMBS wherein the mortgages' collateral is deposited with a trustee under a custodial or trust agreement.

Mark Berch: Performance fund
A growth-oriented mutual fundinvesting in growth stock and performance stock with low dividends and high risk.