Effective Date  A date in time when the registered offering of a security
may be sold to the public.

Fiscal Year  A corporation's accounting year based on a 12 month time
period. Not necessarily a calendar year.

Float  The number of shares of a company generally available for buying
and selling.

Floor Trader  A stock exchange member who trades on the floor of a
exchange for his own account.

Fundamental Analysis  Evaluating a company by studying management
and financial conditions, to gauge the company's true value.

Good 'Til Canceled  An order to buy or sell that continues in effect
until canceled. Termed a GTC order.

Growth Stock  A company that has demonstrated the ability to increase
profits over at least a five year period of time.

Going Public  A first time offering of securities to the public.

Hot Issue  A new issue that is in great demand.

Holding Company  A corporation which owns the shares of another.

Hype  Misleading and inaccurate information used to promote a stock.

In-and-Out  Purchasing a stock and then selling it almost immediately.
Usually for a quick profit.

Issue  A company's security.

Insider  An executive or stockholder of a public firm owning more than
ten percent of the company's shares.

Indenture   A written formed contract between the issuer of a bond and
it's investors.