Efficiency
The degree and speed with which a market accurately incorporates information into prices.
Part B prospectus
See: Statement of Additional Information
Seniority
The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid.
Mark Berch:Field warehouse
Warehouse rented by a company on another firm's premises.
Convertible security
A security that can be converted into common stock at the option of the securityholder; includes convertible bonds and convertible preferred stock.
Market penetration/share
Used in the context of general equities. Percent of trading volume in a stock that a particular market maker trades. Mark Berch
Deferred payment annuity
An annuity that stipulates payments be made to the annuitant at a later date, such as when the annuitant reaches a certain age.
