Marketable securities
Securities that are easily convertible to cash because there is high demand allowing them to be sold quickly.
Average life
Also referred to as the weighted-average life (WAL). The average number of years that each dollar of unpaid principal due on the mortgage remains outstanding. Average life is computed as the weighted-average time to the receipt of all future cash flows, using as the weights the dollar amounts of the principal paydowns.
Open on the print
Used in the context of general equities. Block trader's term for a block trade that has been completed with an institutional client and printed on the consolidated tape, but leaves the block trader with stock available (because the trader has taken a long or short position to complete the trade) for new customers who are on the opposite side of the market to the initiating customer.
Mark Berch:Per annum
Yearly.
Islamic Loan
A loan that interest cannot be charged on. Instead, the loan is structured using discounts, sale or lease, profit participation, or repurchase agreements.
For your information (FYI)
A prefix to a security price indicating that the quote is for information purposes only, and not an offer to trade. Mark Berch
Side effects
Effects of a proposed project on other parts of the firm.
