PIPE OFFERINGS

“PIPE” stands for “private investment in public equity.” In a PIPE offering, investors commit to purchase a certain number of restricted…

5 years ago

PENSION

Defined benefit plans also are known as pension plans. Employers sponsor defined benefit plans and promise the plan's investments will…

5 years ago

OTC BULLETIN BOARD (OTCBB)

The OTC Bulletin Board (OTCBB) (link is external) is an electronic quotation system that displays real-time quotes, last-sale prices, and volume information…

5 years ago

OPTIONS

Options are contracts giving the purchaser the right – but not the obligation -- to buy or sell a security…

5 years ago

OPERATING EXPENSES

The costs a fund incurs in running the fund, including management fees, distribution fees, and other expenses.

5 years ago

OPEN-END COMPANY

The legal name for a mutual fund. An open-end company is a type of investment company.

5 years ago

OLD STOCK AND BOND CERTIFICATES

An old stock or bond certificate may still be valuable even if it no longer trades under the name printed…

5 years ago

OFFERING DOCUMENT (OR OFFICIAL STATEMENT OR PROSPECTUS)

The disclosure document prepared by a bond issuer that gives detailed financial information about the issuer and the bond offering.…

5 years ago

NO-LOAD FUND

A fund that does not charge any type of sales load. But not every type of shareholder fee is a…

5 years ago

NO ACTION LETTERS

An individual or entity who is not certain whether a particular product, service, or action would constitute a violation of…

5 years ago