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Investment Funds
Home >> Glossary > Wednesday, April 16, 2014  


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Dealer

Deflator

Demand

Derivatives

Derivatives Market

Devaluation

Discount Rate

Diversifiable Risk

Diversification

Dividend

Dividend account

Dealer. An individual or entity, such as a securities firm, when it acts as a principal and stands ready to buy and sell for its own account. More generally, an individual or entity which buys and sells products and holds an inventory

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Deflator. To convert a quantity expressed in nominal terms to another expressed in real terms. Normally applied to GDP.

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Demand. The amount of a particular economic good or service that a consumer or group of consumers will want to purchase at a given price.

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Derivatives. A financial instrument whose characteristics and value depend upon the characteristics and value of an underlier, typically a commodity, bond, equity or currency. Examples of derivatives include futures and options.

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Derivatives Market. The secondary market on which derivatives (futures and options) are traded. The derivatives market in Mexico is known as MexDer.

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Devaluation. A substantial drop in the value of a currency, relative to the price of gold or the currencies of other countries.

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Discount Rate. The rate at which member banks may borrow short-term funds directly from a Federal Reserve Bank. The discount rate is one of the two interest rates set by the Fed, the other being the Federal funds rate. The Fed actually controls this rate directly, but this fact does not really help in policy implementation, since banks can also find such funds elsewhere. Also called Federal Reserve Discount Rate.

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Diversifiable Risk. Non-systematic risk.

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Diversification. A portfolio strategy designed to reduce exposure to risk by combining a variety of investments, such as stocks, bonds, and real estate, which are unlikely to all move in the same direction. The goal of diversification is to reduce the risk in a portfolio.

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Dividend. A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property.

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Dividend account. Part of the dividend divided before the approval from the Annual General Meeting. Once the approval of the AGM has been obtained. The complementary dividend is delivered.

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