banner_simple2

Resources

Everything you need to manage your StockCross portfolio is here at your fingertips. If you have questions, we're here to help you by phone, e-mail or live chat.

Financial Glossary

A complete Financial Glossary from one of the most respected names in the industry, Professor Campbell Harvey. 6,000 definitions and 15,000 internal links. Understand financial terms, clarify their meanings, explore the internal links and find out how these terms relate to each other.

K

Fifth letter of a Nasdaq stock symbol specifying the issue has no voting rights.

KCBT

See: Kansas City Board of Trade

KLCE

See: Kuala Lumpur Commodities Exchange

KLOFFE

See: Kuala Lumpur Options and Financial Futures Exchange

KLSE

See: Kuala Lumpur Stock Exchange

Kaffirs

South African gold mining shares that trade on the London Stock Exchange.

Kangaroos

Australian stocks.

Kansas City Board of Trade (KCBT)

The U.S.-based futures and options exchange for no. 2 red wheat futures and, options, Value Line Index futures and Mini Value Line futures and options.

Kappa

The ratio of the dollar price change in the price of an option to a 1% change in the expected volatility.

Keiretsu

A network of Japanese companies organized around a major bank.

Keogh plan

A type of pension account in which taxes are deferred. Available to those who are self-employed.

Key industry

An industry that plays a critical role in a nation's economy.

Key man (or woman) insurance

A life insurance policy purchased by a company to insure the life of a key executive. The company is the beneficiary in case of the executive's death.

Keynesian economics

An economic theory of British economist, John Maynard Keynes that active government intervention is necessary to ensure economic growth and stability.

"Kick it out"

Used in the context of general equities. "Liquidate a position (sell a long/cover a short) without regard to price."

Kickback

In the context of finance, refers to compensation of dealers by sales finance companies for discounting installment purchase paper.
In the context of contracts, refers to secret payments made to insure that the contract goes to a specific firm.

Kicker

An additional feature of a debt obligation that increases its marketability and attractiveness to investors.

Kiddie tax

Tax owed for the investment income of children if the amount is more than $1,400.

Killer bees

Those who aid a company in fending off a takeover bid, usually investment bankers who devise strategies to make the target less attractive or more difficult to acquire.

Kiting

Used in of banking to refer to the practice of depositing and drawing checks at two or more banks and taking advantage of the time it takes for the second bank to collect funds from the first bank.
Also refers to illegally increasing the face value of a check by changing the numbers on the check.
In the context of securities, refers to the manipulation and inflation of stock prices.

Knock-out option

An option that- is worthless at expiration if the underlying commodity or currency price reaches a specific price level.

Know your customer

An ethical foundation of securities brokers that an adviser who recommends the purchase or sale of any security to a customer, must believe that the recommendation is suitable for the customer, given the customer's financial situation.

Kondratieff Wave

An economic theory of the Soviet economist Kondratieff stating that the economies of the western world are susceptible to major up-and-down "supercycles" lasting 50 to 60 years.

Kruggerand

A gold coin minted by the republic of South Africa that typically sells for slightly higher prices than the market value of the gold it contains.

Kuala Lumpur Commodities Exchange (KLCE)

The Malaysian commodity exchange for trading futures in crude palm oil, crude palm kernel oil, tin, rubber, and cocoa.

Kuala Lumpur Options and Financial Futures Exchange (KLOFFE)

Established in 1995, the Kuala Lumpur Options and Financial Futures Exchange offers equity derivative products based on underlying instruments traded on the Kuala Lumpur Stock Exchange (KLSE).

Kuala Lumpur Stock Exchange (KLSE)

Established in 1973, the Kuala Lumpur Stock Exchange (KLSE) is the only stock exchange in Malaysia.

Kurtosis

Measures the fatness of the tails of a probability distribution. A fat-tailed distribution has higher-than-normal chances of a big positive or negative realization. Kurtosis should not be confused with skewness, which measures the fatness of one tail. Kurtosis is sometimes referred to as the volatility of volatility.

glossary-photo1
If you have further questions, please call our customer service department at (800) 225-6196.

*Costs and expenses vary, and may include a sales load, deferred sales charge, and transaction fees. Each individual investor should consider the investment objectives, risks, and charges and expenses of the investment company before investing. The prospectus contains this and other information about the investment company. A prospectus can be obtained by calling or writing to StockCross Financial Services or the website of the fund family. Please read the Mutual Fund Disclosure and Prospectus carefully before investing.

Newsletter Sign Up

Employee Stock Plans 800.388.3965       StockCross Financial 800.225.6196             Customer Support

TRUSTe

Brokerage Products and Services offered by StockCross Financial Services, Inc. - Member FINRA and SIPC.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. The prospectus and, if available, the summary prospectus contain this and other information about the investment company.  To obtain a prospectus contact StockCross at 800.225.6196. Read the prospectus carefully before investing.

Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the StockCross Options Application and Agreement, Customer Agreement, and by downloading the Characteristics and Risks of Standardized Options, and 2012 Supplements from The Options Clearing Corporation, or by requesting a copy from StockCross free of charge. 

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. The Margin Disclosure Statement and Agreement (PDF) is available for download, or by requesting a copy from StockCross free of charge. 

Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.

Copyright StockCross Financial Services, Inc. 2016.