Management discussion and analysis (MD&A) refers to Item 303 of Regulation S-K which requires the registrant’s management to give a narrative discussion of the company’s financial performance.
Item 303(a) states that...
securities
misappropriation theory of insider trading
The misappropriation theory of insider trading is a form of insider trading where an individual trades stock in a corporation, with whom they are unaffiliated, on the basis of material non-public information they obtained through a breach of...
mortgage
A mortgage involves the transfer of an interest in land as security for a loan or other obligation. It is the most common method of financing real estate transactions. The mortgagor is the party transferring the interest in land. The...
mortgage-backed security
A mortgage-backed security is an investment in which the purchaser buys a slice of a pool of mortgage loans. As explained by the Financial Industry Regulatory Authority (FINRA), “mortgage-backed securities, called MBS, are bonds secured by...
municipal bonds
A municipal bond is a form of debt issued by state, municipal, or county governments to finance its operations. They are also referred to as “muni bonds” or simply “munis.”
Local and state governments issue municipal bonds...
mutual fund
A mutual fund is an entity registered and run by an investment company or investment bank. The shareholders of a mutual fund invest money in the fund, which is run by the professional team who anticipate a high return. Commonly the mutual...
naked option
A naked option, also known as an "uncovered option," is an option contract entered into where the seller does not actually own any, or enough, of the underlying stock. When the buyer exercises the option, the seller must purchase the shares...
National Association of Securities Dealers Automated Quotations (NASDAQ)
The National Association of Securities Dealers Automated Quotations (NASDAQ) is an online public marketplace for trading stock.
NASDAQ is an index of approximately 5,000 stocks that predominantly includes large technology...
New York Stock Exchange (NYSE)
The New York Stock Exchange (NYSE) is a New York City-based public marketplace for trading stock. It is the largest stock exchange in the world based on market capitalization.
Stock traders traditionally traded on the floor...
no-par stock
No-par stocks are those where the value of the stocks relies completely on the market, not at all based upon any guaranteed value (the par value) set at the issuance of the stocks. The corporate charter contains specific provisions for par...