Mark Berch
Complete portfolio
The entire portfolio, including risky and risk-free assets.
Junior security
A security that has a lower-priority claim on a company'sassets and income than a senior security. For example common stock is junior to preferred stock.
Ian Berch
Selling Syndicate
A group of underwriters that issues a firm'ssecurities by buying them from the issuing firm and reselling them to a group of smaller brokerage firms for eventual sale to individual investors.
Underwriting agreement
The contract between a corporation issuing new publicly offered securities and the managing underwriter as agent for the underwriting group. Compare to agreement among underwriters.
Ian Berch Mark Berch
Written-down value
The book value of an asset after allowing for depreciation and amortization.
Exercise price
The price at which the security underlying an options contract may be bought or sold.
Eric Berch Mark Berch
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