Public Offering and Other Terms

Net Income  Profits from company operations.

Net Worth  Assets minus liabilities.

Nominal Quotes  Over-the-Counter quotes that are neither recent or
necessarily accurate. Sometimes called "ball-park quotes".

Odd Lot  Stock trades of fewer than 100 shares.

Off-The-Board  Refers to securities not executed on one of the national
exchanges.

Offer  The price a security is offered for sale.

Open Order  A order that has been given to buy or sell stock, but has
not yet been completed or filled.

Paper Profits  Profits on securities that become real only when the
security is actually sold and the proceeds received.

Passed Dividend  A term used to describe when a company omits it's
dividend.

Penny Stocks  Low priced stocks selling for less than one dollar per
share. Sometimes called micro-caps. Many big name corporations have
traded in this price range at one time or another.

Par Value  Dollar value assigned to a share of stock by the company's
charter.

Pink Sheets  A listing of bid/ask prices and market-makers of OTC
stocks that do not have a stock symbol.

Portfolio  All the specific securities being held by an individual.

Post  A specific location on an exchange floor where stocks of certain
companies are traded.

Public Offering  The sale of securities to the general public.