Glossary
- A la criée
- A la criée is an auction system where dealings are conducted by open-outcry.
- Abandonment
- Allowing an option to expire unexercised. Also, withdrawal from a cancellable forward contract to purchase securities.
- Accrued interest
- The amount of interest accumulated between the most recent payment and the sale of a fixed-interest security. For most bonds, accrued interest must be added to the purchase price, but that amount will be recovered by the purchaser in the next interest payment.
- Action
- French for share.
- Action de jouissance
- Share which grants the right to participate in the net profit of the company without conferring ownership rights. French/Belgian term.
- Action ordinaire
- French ordinary share.
- Action privilégiée
- French for preference share.
- Active fund
- A fund in which the fund manager actively manages investments.
- Active management
- Fund managers who strive to outperform the market by identifying stocks that could produce better returns and beat the overall market (or target index).
- Actuals
- The physical or cash commodity, as distinguished from futures contracts.
