Spring #3

Tax Selling-selling of securities, usually at year end, to realize losses in a portfolio, which can be used to offset capital gains and thereby lower an investor’s tax liability.

Tenbagger-stock that grows in value by ten times.

Time value of money-increases in an amount of money as a result of interest (or capital gains)earned.

Treasury Stock-stock that has been issued by a corporation that is currently owned by the company. If a company did a stock buy back, the shares would become treasury stock.

Triple witching-quarterly expiration of individual stock options, stock index options and stock index future contracts. This happens on the third Friday of March, June, September and December. It often causes inflated trading volume and movement volatility in the major U.S. stock indexes.

Updated 1/4/01

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