Listed Stock & Other Glossary Terms

Inactive Stock  A stock that trades on very low volume.

Inside Information  Company information that has not been made
public.

Investment Banker  The underwriter taking a firm public.

Joint Tenants  More than one investor owning the same stock in a joint
account.

Leverage  Using borrowed funds to increase the rate of return on a
investment.

Limit Order  When a individual instructs a broker to to buy or sell a
security at a clearly stated price, or better.

Listed Stock  A stock that is listed on one of the major exchanges.

Manipulation  The buying or selling of a security to create a false or
misleading appearance of active trading.

Margin  The act of buying securities with borrowed money provided by
the brokerage firm.

Match Orders  This occurs when a broker attempts to offset either
heavy buying or selling in a particular stock.

Market Maker  A Over-the-Counter dealer who maintains firm bid and
offer prices in a specific stock by standing ready to buy or sell round lots
of stock at publicly quoted prices.

Market Price  The current or last reported price at which a stock traded.

Member Firm  An investment house which belongs to a registered
exchange.

NASD  The National Association of Securities Dealers.

NASDAQ  The automated price quotation network of the NASD.