Financial Dictionary

This dictionary contains:
24549
financial terms

Close




Close

The close is the period at the end of the trading session. Sometimes used to refer to closing price.

RELATED TERMS
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Close
The close is the period at the end of the trading session. Sometimes used to refer to closing price.

Trading
Buying and selling securities.

Price
The cost of a good or service to the consumer.



SIMILAR TERMS
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Close a position
In the context of general equities, eliminate an investment from one's portfolio, by either selling a long position or covering a short position.

Close end credit
An agreement in which advanced credit plus any finance charges are expected to be repaid in full over a definite time.

Close market
An market in which there is a narrow spread between bid and offer prices, due to a high volume of trading and many competing market makers.

Closed corporation
A corporation whose shares are owned by just a few people, having no public market.

Closed end fund
An investment company that issues shares like any other corporation and usually does not redeem its shares.

Closed end management company
An investment company that issues a fixed number of shares of the mutual fund that it manages, and does not create new shares if demand increases.

Closed end mortgage
Mortgage against which no additional debt may be issued.

Closed fund
A mutual fund that is no longer issuing shares, mainly because it has grown too large.

Closed out
Position that is liquidated when the client does not meet a margin call or cover a short sale.

Closely held
A corporation whose voting stock is owned by only a few shareholders.

Closely held company
A company who has a small group of controlling shareholders.

Closing costs
All the expenses involved in transferring ownership of real estate.

Closing price
Price of the last transaction of a particular stock completed during a day's trading session on an exchange.

Closing purchase
A transaction in which the purchaser's intention is to reduce or eliminate a short position in a stock, or in a given series of options.

Closing quote
The last bid and offer prices of a particular stock at the close of a day's trading session on an exchange.

Closing range
Also known as the range. The high and low prices, or bids and offers, recorded during the period designated as the official close.

Closing sale
A transaction in which the seller's intention is to reduce or eliminate a long position in a stock, or a given series of options.

Closing tick
The net of the number of stocks whose closing prices are higher than their previous trades (uptick) against the number of stocks whose closing prices were lower than their previous trades (downtick).

Closing transaction
Applies to derivative products. Buy or sell transaction that eliminates an existing position (selling a long option or buying back a short option).



PREVIOUS AND NEXT TERMS
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Clearing corporations
Organizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement.

Clearing house funds
Funds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks.

Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value payments operated by a group of major banks.

Clientele effect
Describes the tendency of funds or investments to be followed by groups of investors who have similar preferences for a firm which follows a particular financing policy, such as the amount of leverage it uses.

Clone fund
A new fund set up in a fund family to emulate another successful fund.

Close

Close a position
In the context of general equities, eliminate an investment from one's portfolio, by either selling a long position or covering a short position.

Close end credit
An agreement in which advanced credit plus any finance charges are expected to be repaid in full over a definite time.

Close market
An market in which there is a narrow spread between bid and offer prices, due to a high volume of trading and many competing market makers.

Closed corporation
A corporation whose shares are owned by just a few people, having no public market.

Closed end fund
An investment company that issues shares like any other corporation and usually does not redeem its shares.

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This dictionary contains 24549 terms.







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