I

Income bond
A debt instrument that promises to repay principal, but only pay interest when earned by the issuing institution.

Income fund
A conservative mutual fund that seeks to return current income as its primary objective rather than emphasizing growth.

Income statement
A statement showing a company's revenues, expenses, and income over a specified period of time.

Income stock
Common stock with a history of high dividend yield.

Indenture
A written agreement describing the terms of a debenture, e.g., interest rate, maturity date, etc.

Independent broker
Exchange member who executes orders for other, temporarily busier brokers.

Index
Statistical measure (not an average) of specific securities' value.

Index and option market (IOM)
A division of the Chicago Mercantile Exchange (CME) established in 1982 for trading stock index products and options.

Inflation
The value of a currency decreasing as prices of goods and services increase over time.

Initial public offering (IPO)
A company's first sale of stock to the public. Companies making an IPO are seeking outside equity capital and a public market for their stock.

Institutional investor
A bank, mutual fund, pension fund, or other corporate entity that trades securities in large volumes.

Instruments
Any financial security, e.g., stock, bond, Treasury bill, mortgages, etc.

Interest
The price paid to lenders for borrowing money. Also, a share or title in property.

Intermarket Trading System (ITS)
A computer system that interconnects competing exchange markets for the purpose of choosing the best market. It is operated by Securities Automation Corporation (SAC).

International fund
A mutual fund that invests primarily in securities of companies domiciled outside the U.S.

Interrogation device
Any machine that displays market information.

Inventory
Securities bought and held by a broker or dealer for resale.

Investment
Using money for the purchase of a financial product or item of value in the expectation of future profit.

Investor
A person who buys or sells securities for his or her own account or the account of others.

Investor relations
A corporate department that communicates with shareholders.

Investment bank
A financial institution that acts as a middleman (underwriter) between the corporation issuing stocks and bonds, and the public.

Individual retirement account (IRA)
Special account that invests savings and defers taxes until money is withdrawn.

Issue
A particular financial asset or the act of distributing securities.

Issuer
A corporation that has distributed to the public securities registered with the Securities Exchange Commission.

Securities offered through First Allied Securities, Inc.   A register broker/dealer.  Member FINRA/SIPC.
Schannep Investment Advisors is a registered investment adviser in the state of Arizona.  First Allied Securities, Inc. does not endorse or support this web site, nor are they affiliated with Schannep Investment Advisors, Inc.