Term  The period of time during which a contract is in force.
Ticker Symbol An abbreviation assigned to a security for trading purposes.
Ticker Tape Computerized device that relays to investors around the world the stock symbol and the latest price and volume on securities as they are traded. 

Time Limit Order  

A customer order that designates the time during which it can be executed.

Time Order

Order that becomes a market or limited price order or is canceled at a specific time. 

Time to Maturity The time remaining until a financial contract expires. Also called time until expiration. 
Tip Information given by one trader to another, which is used in making buy or sell decisions but is not available to the general public. 
Total Capitalization The total long-term debt and all types of equity of a company that constitutes its capital structure. 
Total Market Capitalization The total market value of all of a firm's outstanding securities.


To carry out a transaction of buying or selling stock or a bond.

Trade Balance 

The difference between a nation's imports and exports of merchandise .


An individual who buys and sells securities for his own account for personal gain or an individual who buys and sells securities on behalf of a broker or financial institution for the firm and its clients.

Trade Settlement 

Delivering securities in return for cash.  
Trading Volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. 


Execution of an order to buy or sell securities.

Transaction Fee

A charge an intermediary, such as a broker-dealer or a bank, assesses for assisting in the sale or purchase of a security.

Transfer Agent

The primary recordkeeper for all shareholder information regarding a company's stock. 

Transferee A person who receives ownership being transferred. 
Transferor A person from whom ownership moves. 

Treasury Bills   (T Bills)

A government security with maturity of one year or less.

Treasury Bond 

Long-term obligations of the Central Bank with a minimum maturity of 10 years. 

Treasury Note

A government security with maturity between 1 and 10 years.


A bank designated by an issuer of stocks or bonds that acts as the custodian of funds and official representative of the stock or bondholders. Trustees are appointed to assure that stockholders and bondholders have representation to enforce the contractual obligations of the issuer.