Financial Markets

2. refers to the life of a bond.
5. means strong market with the prices moving up for several months or years in a row.
8. The world's largest stock exchange, located on Wall Street, which uses floor traders.
9. a network of savers, investors, financial institutions, and financial assets that work together to transfer savings from savers to investors.
12. go-between or link between two people or entities.
13. the rate of interest that is paid on the par value.
14. A company that sells shares of securities to individual investors.
16. the annual interest divided by the purchase price.
17. Shares of stocks that represent ownership of corporations and are another type of financial asset available to investors.
18. a formal long-term contract that requires repayment of borrowed money and interest on the borrowed funds at regular intervals over time.
19. A person who buys or sells equities for his or her clients.

1. a periodic fee that the insured person pays for a life insurance policy.
3. means spreading your funds over a variety of investments so that losses on a particular one have a limited impact on the entire portfolio.
4. tax-deferred investment and savings plan that acts as a personal pension fund for employees.
6. The final, or closing, price for a share of stock that day.
7. is the amount borrowed and, consequently, the amount that must be paid back to the lender by the time the bond reaches its maturity.
9. claims on the property and the income of the borrower.
10. a place where buyers and sellers meet to trade stocks.
11. A marketplace that operates fully electronically without a physical trading floor.
15. nasty market with the prices of equity falling sharply for several months or years in a row.