Investment and Financial Dictionary - Mark E. Berch:
Buying power
The amount of money available to buysecurities, determined by adding the totalcash held in brokerage accounts and the amount that could be spent if securities were margined to the limit.
Credit Policy Delay
The period between the sale of goods for a credit and the payment for those goods. This lag is determined largely by the selling firm's credit policy. Mark Berch
Expected rate of inflation
The public's expectations for inflation. These expectations determine how large an effect a given policy action by the Fed will have on economic activity. Mark E. Berch
Tax-deferred retirement plans
Employer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits.
Mark Berch:Alligator spread
The term used to describe a spread in the optionsmarket that generates such a large commission that the client is unlikely to make a profit even if the markets move as the investoranticipated.
Foreign tax credit
Home country credit against domestic income tax. Received in return for foreign taxes paid on foreign derived earnings.
Underwriting
Acting as the underwriter in the issue of new securities for a firm.Mark E. Berch