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Retirekit Glossary C

C


Calendar Spread

A calendar spread, also known as a horizontal spread or a time spread, is created by the simultaneous purchase and sale of two options of the same class (i.e., call or put) and strike price, but with different expiration dates. Calendar spreads can be either bullish or bearish, and can be established either for a credit or a debit. The month closest to the time at which the spread was initiated is called the “front month,” or “near term” option; the other month is the “back month” or “deferred” option. If a trader is long on the deferred option, the calendar spread is considered “long.” If the trader is short on the deferred option, the trader is said to be “short.” The price of a calendar spread reacts to changes in underlying stock price, time until expiration, changes in implied volatility levels in both months, interest rate, and dividend structures.

Calendar Spread Maximum Return

In an S&P Options Report, this is the potential percentage return for the position if the short term option is In The Money at expiration and the longer-term option retains its time value.

Calendar Spread Minimum Return

In an S&P Options Report, this is the percent return for the position if the stock expires above the short call, assuming both options are exercised at expiration.

Call

With a call option, the buyer has the right to buy shares of the underlying security at a specific price for a specified time period.
In the context of equity options, a call option gives the buyer the right to buy shares of the underlying security at a specific price for a specified time period.
In the context of fixed income securities, the call feature gives the issuer of the security the right to redeem the issue at or after a certain date, usually at a pre-announced price.

Call Ask Price

The price a seller requests for the sale of a call option. This is the most an investor should pay for the option.

Call Month

The month during which the call option expires.


Call Strike Price

The price at which the owner of an option can purchase (call) the underlying stock. Used interchangeably with striking price, strike, or exercise price.

Call Symbol

The symbol of the contract that grants the purchaser the right to buy an underlying equity at a certain strike price. An option symbol is comprised of three parts. The first one-to-three letters are the root symbol for the option. The second-to-last letter stands for the expiration month of the contract. The last letter in the symbol represents the strike price of the contract. Corresponding Put and Call symbols for the same strike price will have the same last letter in their symbols.


Callable

Refers to a bond or other security that may be redeemed by the issuer before the scheduled maturity. When searching for fixed-income securities (e.g., bonds), this is the first date on which the security can be called.

Call Amount Due

The amount of cash or securities you must deposit into your account to cover a margin or day trade call.
The balance shown is updated as of the previous business day’s close. The updated balance reflects the revaluation of the account due to market activity (e.g., increase in the value of positions you hold) and transactions (e.g., cash or securities you may have deposited).

Call Date, Call Schedule

A specified date when a bond that can be redeemed before the scheduled maturity may be redeemed by the issuer.
Under the Call Schedule, the upcoming dates the bond could be called, and their corresponding prices for which the bond may be called, are listed in chronological order.

Call Premium

The difference between the price at which the issuer may redeem a bond when called and the face value of the bond. For example, if the issuer calls a bond with a face value of $1,000, but pays $1,200 for the bond, the call premium would be $200.

Call Price

The price the issuer will pay for a bond if the issuer redeems a bond before maturity.
Under the Call Schedule the upcoming call prices corresponding to a given Call Date are listed in chronological order.

Call Protection

If a bond is non-callable (has call protection), it is generally not subject to a scheduled call. Other early redemption provisions may exist which are specified in the prospectus or official statement. In the Attributes column of the Bond Results table, the Attribute for Call Protection is CP.
On Bond Details pages, the same bond will show “Yes” against the Call Protection field. Conversely, for a bond subject to a scheduled call, the Bond Details page will show “No” against the Call Protection field. Click No to view the full call schedule.

Call/Put

Indicates whether an option is a call or a put.

Call Schedule
This is a list of dates on which a fixed-income security (e.g., a bond) can be called, redeemed prior to maturity, by the issuer and the corresponding call prices.

Calls Due Today

Any house, exchange, federal, or day trade call balances that you must settle today by depositing additional money or securities into your account. You generally have five business days from the date a call is issued to settle a house, federal, or day trade call. You generally have 48 hours to settle an exchange call. However, Fidelity reserves the right to meet margin calls at any time prior to the stated due date.

Call Symbol

The symbol of the contract that grants the purchaser the right to buy an underlying equity at a certain strike price. An option symbol is comprised of three parts. The first one-to-three letters are the root symbol for the option. The second-to-last letter stands for the expiration month of the contract. The last letter in the symbol represents the strike price of the contract. Corresponding Put and Call symbols for the same strike price will have the same last letter in their symbols.

Call Type

The party that issued a margin or day trade call because you did not meet the minimum equity requirements set forth by one or more of these parties. The party can be the Federal Reserve (Federal), an exchange (Exchange), or Fidelity (house).

Cancel and Replace Order Number

The unique number Fidelity assigns to an attempt to cancel and replace an open order. This number displays on the Confirmation screen.

Cancel Date

The date an order was canceled.

Canceled Order

An order that has been canceled at your request or due to restrictions you placed on the execution of the order.

Cancellation Order Number

The unique number Fidelity assigns to an attempt to cancel an open order.

Cancel Pending

This is an order status indicating that you placed a request to cancel an open order, but the order has not yet been canceled.

Cancel Reason



  • 01 Bonds Traded Away
    It is no longer possible to carry out this transaction in the amount you specified because the offering dealer has already sold some or all of the position to another party.

  • 02 Market Firm at Stated Level
    The offering dealer is not changing their price, nor are they taking limit prices at this time.

  • 03 Minimum Balance Violation
    The dealer offering the security you are attempting to purchase has stipulated a minimum order quantity. Your order fell below this minimum and thus was rejected.

  • 04 Increment Quantity Violation
    It is not possible to buy this security in the quantity you have requested. Please check that your order size is consistent with the minimum and incremental order size stipulated by the offering dealer, as displayed in the offering table.

  • 05 Order Quantity Maximum Exceeded
    It is not possible to buy this security in the quantity you have requested. Please check that your order size has not exceeded the maximum order size stipulated by the offering dealer, as displayed in the offering table.

  • 06 Order Placed Outside Normal Trading Hours
    It is not currently possible to complete this order because it falls outside the operational hours of either the offering dealer in particular or the bond market in general. Although the bond market does not have formal hours of operation, normal trading hours are generally considered to extend from 9 a.m. to 5 p.m. ET, excluding market holidays.

  • 99 Order Rejected
    Your order has been rejected. No further information is available at this time. You may either try to place another order, or call a fixed income specialist at 800-544-5372 for assistance.



Cancel Verified

This is an order status indicating that a request you placed to cancel an open mutual fund order has successfully executed and the order is canceled.

Capital Appreciation

As the value of the securities in a portfolio increases, a fund’s share price increases, meaning that the value of your investment rises. Generally speaking, if you sell shares at a higher price than you paid for them, you make a profit, or capital gain. If you sell shares at a lower price than you paid for them, you’ll have a capital loss. See also Dividend and Capital Gains.

Capital Gain Distributions

The dollar amounts that are paid to you or credited to your account by mutual fund investments or real estate investment trusts (REITs).

Capital Gains

This is earnings from the sale of a security at a higher price or cost basis than the original purchase price. Also, a specific long-term objective for many mutual funds.

Capital Gains Tax

This is a tax on profits from the sale of certain capital assets such as securities and real estate.

Capital Loss

This is a negative return on an investment resulting from the sale of certain capital assets such as securities at a lower price than the original purchase price or cost basis.

Capital Spending, 5-year Growth Rate (%)

This is the compound, annual growth rate of capital spending for a company over the last 5 years. Capital spending is the sum of the capital expenditure items found on the statement of cash flows.

Cash

A trade type indicating that a trade order to buy will be paid for in cash, not by borrowing on margin.
As a balance, the amount collected and available for immediate withdrawal. This balance includes both Core Money Market and other Fidelity Money Market funds held in the account. This balance does not include deposits that have not cleared. Proceeds from sell orders are reflected in this balance on settlement date.

Cash Amount

On the Transfer Money screen, this is the amount of cash that you want to transfer to another account. The amount you enter must follow these rules:


  • Omit commas.

  • Enter an amount no greater than the current balance in the account.

  • Maximum cash amount to transfer between Fidelity accounts is $100,000 per account, per day.



Cash & Other Category

A mutual fund asset allocation theory that includes net cash, short-term securities, and any other securities (such as options) not included in other asset allocation categories.

Cash Available to Buy Securities

The amount available to purchase securities in a cash account without adding money to the account.   Buy orders will reduce this value (at the time the order is placed), and executed Sell orders will increase this value at the time the order executes.

Cash Available to Withdraw
The total amount of cash available for immediate withdrawal from Core Money Market and other Fidelity Money Market funds held in the account. See also Available to Withdraw.

Cash Covered Put

A short put position in a cash account that is secured by setting aside cash equal to 100% of the exercisable value of the put contract(s).
Rules: None.
Example:      Short 1 Put XYZ 50
                    Cash set aside: $5,000 = 1 (qty) x 100 (multiplier) x 50 (Strike Price)


Cash Covered Put Reserve

The value required to cover a short put option contracts held in a cash account. Cash Covered Put Reserve is equal to the options strike price multiplied by the number of contracts purchased multiplied by the number of options per contract (usually 100). ). Cash Available to Buy Securities, Cash Available to Withdraw, and Available to Withdraw values will be reduced by this value.

Cash Credit

A Cash Credit is an amount that will be credited to (positive value) the Core at trade settlement.

Cash Debit

A Cash Debit is an amount that will be debited to (negative value) the Core at trade settlement.

Cash Debit for Legal Hold

Restricted securities have a legal hold placed on them and will display a market value on the positions page but won’t be included as part of the total account value. Securities are restricted if the they were acquired in the following manner:


  • A transaction not involving a public offering. Stock received through a private placement or venture capital investment.

  • Business combinations such as reclassifications (the substitute of one stock for another), mergers and consolidations (stock exchanged for that of another company), transfer of assets (stock transferred to another corporation or person in consideration of the issuance of securities).

  • Stock acquired in a compensatory benefit plan. The stock may be in the form of a purchase, savings, option, bonus, stock appreciation, profit sharing, thrift, incentive, pension, or other similar plan.

  • Payment of securities to independent contractors for professional services.

  • Negotiated sale by insiders.

  • Any transaction in which unregistered stock is acquired directly from the issuer or an affiliate of the issuer.

  • Stock dividends or splits.

  • A gift.


For more information about the sale and control of these securities, please contact a Fidelity Representative.

Cash (Debit or Credit) for DVP/RVP

Delivery vs. Payment (DVP) and Receipt vs. Payment (RVP) accounts are established by institutions and, to a lesser extent, individuals. With DVP/RVP accounts, customers place orders through their Fidelity accounts, and the trades settle through designated custodial banks. After a trade executes, National Financial Services LLC a Fidelity Investments company, contacts the custodial bank who then sends either cash or securities as appropriate. Customers do not keep any positions at Fidelity. Their assets are held at the custodial bank. During a DVP/RVP transaction, there are periods of time during settlement when a change in market value will display for a security on Fidelity.com. With changes in market activity, after the transaction Fidelity will adjust your account valued based on the position and your debit or credit balance to ensure an accurate total account value for your account.

Cash (Debit or Credit) for When Issued Stock

When an account holds a when-issued stock, a settlement date hasn’t been identified. Your account will show a market value for that stock, but the account has not been debited for the purchase. A debit or credit balance will be adjusted on the positions page to show your total account value. The cash available and money market amounts may be overstated in your account until settlement has taken place. Review your account for these holdings before placing other trades.


Cash Flow Per Share, TTM ($ per share)

In a Company Profile, this value is the trailing 12 month cash flow divided by the training 12 month (TTM) average shares outstanding. Cash flow is defined as the sum of income after taxes minus preferred dividends and general partner distributions plus depreciation, depletion, and amortization.

Cash Liquidation Distributions

Cash distributions made by corporations that were partially or completely liquidated.


Cash Market Value

For College Savings Plan accounts, this is the total value of all units held in the account as of the date and time displayed.

Cash Proceeds

The amount of cash you hold after an order to exercise and sell stock options executes and after the exercise cost, commissions, fees, and any taxes that are due as a result of the order have been deducted.

Cash Proceeds Desired

For stock option exercise transactions, this is the estimate of the amount of cash dollars that will result by performing an exercise transaction through the stock option calculator tool. This estimated cash proceeds desired amount does not include commissions or fees.


Cash Spread Reserve

The requirement for spread positions held in a retirement account.  For debit spreads the requirement is full payment of the debit.  For credit spreads, it’s the difference between the strike prices or maximum loss. A $5,000 minimum equity deposit is required in addition to the debit or credit requirement.

Cash Surrender Value

The Cash Surrender Value is the current contract value less any surrender charges that would be applied if you withdrew the full contract value on the as of date disclosed. Full withdrawals in the first five years of the contract are assessed a 2% surrender charge of the current value.  Please see the prospectus for additional details.
The Cash Surrender Value after the five year surrender period is equal to the Contract Value of the annuity.

Cash Used

The dollar amount of Cash trades that have executed today and those orders that are currently unexecuted.  A reduction in this value (which corresponds to an increase in Cash Available to Buy Securities) can be achieved by cancelling or replacing open Buy orders or transferring money into the account.

CATS/TIGRS

See Certificate of Accrual on Treasury Securities (CATS) or Treasury Income Growth Receipts (TIGRS).


CDIP

Certificates of Deposit: Inflation Protected (CDIPs), provide investors with inflation protection in addition to a CD with a coupon. CDIPs are indexed to inflation through adjustments to their principal made on the basis of changes in the Consumer Price Index (CPI). The coupon payments are calculated by applying these changes to the CPI, plus a known fixed component, to the par amount of the CDIP.

Central Rung Months

The tool will calculate the spacing between maturities (rungs) when you indicate the number of years you would like the ladder to run and then decide on the number of rungs wanted. Central Rung Months are spaced equally across the life/length of the ladder by dividing the number of months between the first and final maturity dates by the number of rungs selected. The Bond Ladder tool first searches the Central Rung Months to find bonds that meet your selected criteria, such as sorting by highest or lowest yield.
If bond(s) are found in the Central Rung Month, one would be selected according to the other preferences chosen by the user. If the tool cannot find a bond in the Central Rung Month it will search two months either side of the Central Rung Month to find the next best available bond from these months. Use the View Alternatives feature to see all the bonds identified within the total five month period (the Central Rung Month and two months on either side of the Central Rung Month) for each rung.

Certificate of Deposit (CD)

A debt instrument issued by commercial banks or thrifts to raise funds for their business activities or to retire other debt. Fidelity offers a type of certificate of deposit called a Brokerage CD. The deposits are obligations of the issuing bank. The CDs are usually issued in large denominations. The brokerage firm then divides them into smaller denominations for re–sale to their customers. CDs issued by FDIC insured institutions and held in Fidelity accounts are generally insured up to the following limits. Note that for purposes of these limits, all depository assets of the account holder at the institution that issues the CD will generally be counted for each applicable category of account towards the applicable aggregate limit. Up to $250,000 per account owner/per institution aggregate limit for depository assets held in non–retirement accounts up to $250,000 per account owner/per institution aggregate limit for depository assets held in qualifying retirement accounts, such as traditional or Roth IRAs. Additional information can be found on the FDIC website. CDs can be purchased in increments of $1,000 or $5,000 for some callable CDs.
Like all fixed income securities, CD prices are susceptible to fluctuations of interest rates. If interest rates rise, the price of outstanding CDs will decline. However, since changes in interest rates will have the most effect on longer maturities, short-term CDs are less susceptible to interest rate movements.

Certificate of Accrual on Treasury Securities (CATS)

See also Treasury Income Growth Receipts (TIGRS).
A zero coupon bond “manufactured” from zero-coupon Treasury bonds. Despite their different names, they are essentially the same type of instrument, which is a zero coupon bond “manufactured” or “stripped” from Treasury bonds.
CATS and TIGRS were created by investment banks in the 1980s before the Treasury’s own zero-coupon bonds arrived by buying coupon-paying Treasury bonds, holding them in escrow, and issuing equivalent value CATS and TIGRS
Generally, CATS and TIGRS offer the same potential benefits as other zero-coupon bonds, such as the ability to purchase a bond at a deep discount to its maturity value. CATS/TIGRS do not offer US Government backing, and therefore have some degree of risk.

Change

This is one of the following depending on the type of security:


  • For stock and option quotes, the dollar amount change in the price of the security from the previous trading day’s close

  • For mutual fund and money market quotes, the dollar amount change in the fund’s share price since the previous trading day’s close

  • For index quotes, the nominal change in the price of the index from the previous trading day’s close

  • For Fidelity variable annuity investment option quotes, this information is not applicable and N/A displays in the Bid Exchange field.

  • For open indications of interest (IOI) in new issue fixed-income offerings (e.g., bond offerings), this is an option to change the maximum number of securities you would like to receive. You can attempt to change an indication of interest at any time until securities are allocated.

  • Attempts to change indications of interest are performed on a best efforts basis. There is no guarantee that an indication of interest can be changed, in whole or in part.

  • Note that if you change an indication of interest after you have confirmed it, you do not need to confirm it again.


Change (Dollars)

The change in dollars from the close from the previous night.

Change % Down

Daily percent move down in a stock or index.

Change % Up

Daily percent move up in a stock or index.

Change $, Change %

The change (in dollars or percentage) from the previous day’s closing stock price.

Change from Day Close

The change in a stock’s price from the standard session close price to the Order Book’s last price.


If the amount is preceded by a plus sign, (+) the last price is better than the standard session close. If the amount is preceded by a minus sign(-), the last price is worse than the standard session close.

Change From Standard Session Close

This information displays as part of an Extended Hours quote. This is the change in a stock’s price between the last[tick] price shown for the standard market session and the last[tick] price shown for the Extended Hours session.
Comparing the moving last[tick] price and change shown in the Extended Hours quote section to the closing last[tick] shown in the standard session quote section may indicate an upward or downward trend in the stock’s price in the Extended Hours session.

Change In Market Value

The effect of market action on the value of an account or portfolio.

Change in Securities Not Priced Today


The Change in Securities Not Priced Today total displays a sum of price changes for securities that have not yet, or will not be, updated today. For each position that has not changed price today, the previous recorded change (often the difference between the previous two business days’ closing prices) is reflected in the Change Since Last Close. The sum of all Change Since Last Close dollar values for positions that have not changed price today is reflected in Change in Securities Not Priced Today.
Keep in mind that the price of mutual funds is not updated until after market close, and that the prices of fixed income securities may not be updated daily. The Change in Securities Not Priced Today total reflects the most recent available changes in value for these positions, presented as a total to keep you up to date on how these positions are performing. Today’s Change provides a price change total for all positions whose prices have been updated today.
During pre-market hours, weekends, and holidays, the Change in Securities Not Priced Today will continue to display the cumulative total of changes in stocks, options, mutual funds and bonds from the most recent business day’s market closing until the next market opening. Once the market opens again, Change in Securities Not Priced Today will be refreshed to reflect only the changes for positions that have not had any price updates that day.

Change Since Last Close

The change since last close is the dollar amount and percentage change up or down, from the previous day’s closing stock price.

Change Since Purchase

The difference, in both dollar amount and percentage, between a security’s current value and its value when you purchased it.

Chart

Refer to Charts below.

Charts

A feature that displays historical price charts for securities you specify by entering a trading symbol.

Checking Account Number

This is a bank checking account you want to use with the Electronic Funds Transfer service. After the Electronic Funds Transfer service is established, you will be able to transfer between the specified bank checking account and your Fidelity account.
This number is shown on the bottom of a check from your account and on your bank account statements.

Check Number

This is the number shown in the upper-right hand corner of a check. You enter a check number when adding Fidelity Electronic Funds Transfer online to eligible Fidelity accounts using the setup screen.
The check number is only used to verify your bank checking account. It is not processed or cashed. As a result, you can use a canceled, voided, or your next available check.

Close Date

The date the security was sold (or covered for a short position).

Close Price

This is the final price of a stock at the end of the most recent trading day.

Closed Positions for Year

An option that is available on the Closed Positions screen. The option controls the year for which closed positions are displayed.
You can select either the current or prior calendar year.
Note:Closed positions information is only available for non-retirement brokerage accounts; it is not available for Mutual Fund accounts.

Closing Date (Credit Card)

The last day of your monthly billing cycle. After the closing date, your statement will be generated, and future activity will appear on your next month’s statement.

Closing Market Value

The total cash value of the shares or option contracts you own.
The value is calculated using the closing price and the number of shares or option contracts you own.

Collar

The collar spread, also called a “fence,” is the simultaneous purchase of an out-of-the-money put and sale of an out-of-the-money covered call. Under normal circumstances, the protective put and covered call comprising the collar share the same expiration dates, but have different strike prices. A covered call is sold on a share-for-share basis against the underlying stock. For example, for stock XYZ currently trading at $50, buying 100 shares of XYZ, selling an XYZ 55 call, and buying an XYZ 45 put creates a collar. The trader is protected if the stock drops below the strike price of the put, and forfeits any profits should the stock rise above the strike price of the call. Traders who are moderately bullish on an underlying stock, but lacking strong conviction, often employ collar spreads. The strike price of the call determines the degree of bullishness of the strategy. The further the call moves out-of-the-money, the more bullish the strategy becomes.
Rules: The strike price of the put must be less than the strike price of the call option with the same expiration date.
Example:      Long 1000 XYZ at 120
                    Short 10 Call XYZ 125
                    Long 10 Put XYZ 115

Collected Shares

The total number of settled shares you own for a security as of the date and time displayed.


College Savings Plan

529 College Savings Plan.

Combination Spread (Combo)

A multi-leg option strategy involving the purchase of a call and a sell of a put or vice versa.

Commission

The selling or transfer costs of a trade or transaction.

Commission Calculator

A feature you use to calculate the estimated commission or concession for a trade order.

Commission Rate

The commission rate for a trade varies depending on a number of factors (e.g., type of security, number of shares purchased, commission schedule that applies to the account, etc.) which are detailed in Fidelity commission schedules.

Commissions

For an order to exercise and sell stock options, the commission charged for the order.

Commission Schedules

The commission rates that apply to transactions in a brokerage account.
For BrokerageLink accounts, the commission schedule is set per agreement with the plan sponsor.
Select the following for information on Fidelity commission schedules for:



Committed to Open Orders

The dollar amount allocated to pending orders that have not yet been executed (for example, buy orders and short sale orders). The amount you have Committed to Open Orders decreases your Buying Power or your Cash Available to Buy Securities. This amount plus the dollar amount for Today’s Executed Transactions combine to make up Buying Power Used or Cash Used.

Common Stocks

Stocks represent a share in the ownership of a particular company. If the company does well, the value of each share generally goes up. Although common stocks have a history of long-term growth, their prices fluctuate based on changes in a company’s financial condition and on overall market and economic conditions.

Company News

Links to most recent company news. News is made available by an independent, third-party news provider.

Company Profile

A Company Profile is provided by an independent, third-party company and displays a one-page summary for a company’s stock.

  • You can see business overviews, company capitalization figures, the company’s earnings, revenues, and dividends.

  • You can see key ratios and measures as well as the company’s address and investor contact information.


The Company Profile is provided by Market Guide Inc., an independent, third party provider.

Concession

For secondary market fixed income security transactions, concession is the per-bond trading charge levied in addition to the purchase or selling price quoted. A concession is the per-bond markup or markdown on a fixed income trade, as opposed to an agent commission. Concessions vary by product type. Bonds are made available from our affiliate, National Financial Services (NFS), and from various external dealers for whom Fidelity Brokerage Services acts as riskless principal. For a complete breakdown of Fidelity’s Fixed Income concession schedule, go to Investment Products > Brokerage, click Learn About Fidelity Brokerage, and click Brokerage Commission and Fee Schedule under Fidelity Account Details.

Conditions

A restriction on the execution of an order. Not all conditions can be used with all types of orders. Available conditions include:


Condor

Also known as a “flat butterfly” or an “elongated butterfly,” a four-leg spread. In a long call condor spread, there is a long call of a lower strike price, one short call of a second strike price, one short call of a third strike price, and a long call of a fourth strike price. Each call has the same expiration date, and the strike prices are an equal distance apart.

Confirm

This is an option on the Open Indications of Interest screen. This screen displays all open indications of interest that you have submitted for new issue fixed-income securities (e.g., bonds) offered by Fidelity. This option displays for new issues that have been priced and for which you must submit a confirmation to be eligible for an allocation of bonds.
Only new issue corporate bonds and Fixed Rate Capital Securities require confirmation. You must confirm your indication of interest on the date and during the time period specified for the offering. Fidelity will send you this information as an alert by e-mail or pager.
Note that confirming an indication of interest does not guarantee that you will be allocated securities.

Confirmation Number

The unique number identifying a trade order or Fidelity Electronic Funds Transfer request.

Confirmed

This is a column that displays on the Open Indications of Interest screen. This screen displays all open indications of interest that you have submitted for new issue fixed-income securities (e.g., bonds) offered by Fidelity. Certain new issue fixed income securities require confirmation of one’s indication of interest.

  • Yes displays if you have confirmed an indication of interest (IOI) for a fixed-income security that requires you do so. Yes automatically displays when the IOI is for a fixed -income security that does not need confirmation (e.g., an indication of interest for a municipal bond).

  • No displays if you have not confirmed an indication of interest for a fixed- income security that requires you do so.


You will see the option to Confirm after the fixed-income security specified in your indication of interest has been priced and if it requires confirmation.

Contingent Order

A contingent order is an order that executes when triggered by an outside event, like the achievement of a stock price or index level. Additional trigger values include daily volume, daily percentage changes, 52 week high, 52 week low, last trade, bid and ask.

Continuously Callable

Bonds that are callable on any date after the first call date until its maturity.

Contract Date

This is the date on which an annuity becomes effective. This date is in the documentation you receive when you purchase an annuity.

Contract High

The highest price at which an option contract has traded during its life.

Contract Low

The lowest price at which an option contract has traded during its life.

Contract Number
This is the Fidelity assigned annuity number under which investment options are held.

Contract Status

This refers to the status of an annuity contract. The status of a tax-deferred annuity can be the following:

The status of an income annuity can be the following:


Contract Value

The Contract Value is the current market value of your annuity.  This value will fluctuate based on market activity and withdrawals.

Contribution

The amount of new money that you contribute to your Fidelity IRA on an annual basis. You can make a contribution online using Fidelity Electronic Funds Transfer.
For information on annual contribution limits, use the IRA EvaluatorSM which can be found under the Investment Products tab Retirement option on Fidelity.com.

Contribution Tax Year

This is the calendar year for which you want to make a contribution to your Fidelity IRA.
For information on annual contribution limits, use the IRA EvaluatorSM which can be found under the Investment Products tab Retirement option on Fidelity.com.
You can make a contribution for the current tax year from January 1 of the current tax year until your tax filing due date, not including extensions, generally April 15 of the following year. As a result, contributions made from January 1 to your tax filing due date, not including extensions, generally April 15, could be for the current or the prior tax year and you must specify the tax year for which the contribution is being made.
If April 15 falls on a Saturday, Sunday, or a legal holiday, your tax filing due date is the next succeeding day which is not a Saturday, Sunday, or legal holiday.
Note: Generally, from April 16 to December 31 of any year, the Fidelity Electronic Funds Transfer entry screen for IRA contributions displays the current tax year only. This is because you can generally only make a contribution for the current tax year during this period.

Control or Restricted Loan

A margin loan which is secured by control or restricted securities.

Control Panel

This is a section on the portfolio and account analysis screens. On the Control Panel, you can select options to:


  • See a Graphical View of your holdings

  • See Holdings Detail

  • See the analysis for all accounts in your portfolio or for one or more individual accounts that you select


All percentages and values also include the underlying securities in pooled investments such as mutual funds. For example, investments in foreign stocks held by a mutual fund are included in the percentage and value of foreign equities.

Control Persons, Insiders, or Affiliates

Officers, directors, policy-making executives, major shareholders (generally, owners of 10% or more of outstanding shares), and other people who are in a position to directly or indirectly control the management of the company.
This includes spouses, family members who live with the control person, and other entities affiliated with control persons, as defined in Rule 144. Securities trading by a control person of the issuer is subject to restrictions, regardless of whether the security is restricted. A control person must complete 144 documentation and comply with Rule 144 when selling control securities.

Conversion

An options trading arbitrage strategy in which a customer takes a long position in an underlying stock and offsets that holding with the simultaneous purchase of an at-the-money put and sale of an at-the-money call with the same expiration. The two options create a synthetic short stock, and the customer holds parallel long and short positions. The strategy is meant to take advantage of overpriced options, and the profit is made in the premium difference between the call and the put.
Rules: The strike prices of the put and the call options must be equal.
Example:      Long 1000 XYZ at 120
                    Short 10 Call XYZ 120
                    Long 10 Put XYZ 120

Convertible

Issues of bonds with an option allowing the bondholder to exchange the bond for a specified number of shares or common stock in the firm. This is disclosed at the time the bond is issued.

Convertible Date

The date until which the convertible end date feature is available.

Convertible Hedge

Convertible bonds covering short calls and short common stock.
Rules: Before pairing can occur, the securities must be converted into the quantity they represent for the underlying security using the specific conversion ratio for each one. After conversion, if the total strategy requirements are greater than the naked requirements, the hedge should not be used.

Convexity

Convexity is the rate of change in a bond’s duration with respect to yield and a measure of the curvature of the price-yield relationship of a bond. It measures the change in price with respect to yield not explained by duration. For a bond with known cash flows, convexity is computed using all cash flows until the bond’s maturity.

Mathematically, it is the first derivative of modified duration and the second derivative of price with respect to yield.

Convexity to Worst

Convexity to Worst is the convexity of a bond computed using the bond’s nearest call date or maturity, whichever comes first. This measure ignores future cash flow fluctuations due to embedded optionality.

Cookie

A packet of information sent from a server to a browser (e.g., account registration verification information, order confirmation number, etc.).


Core Account

The account where cash awaiting investment or withdrawal is held in your account. This account is used for all of your brokerage transactions.

This account may also be called your Core money market or Fidelity cash account.

Core Money Market

Account settlement position for trade activity and money movement.  Executed Buy orders and cash withdrawals will reduce the Core, and executed Sell orders and cash deposits will increase the Core.

Corporate Bond

A debt security issued by a private corporation. Corporate bonds generally have a face value of $1,000, are taxable, and have a term maturity. These bonds pay coupon interest according to a coupon rate set at the time the bond is issued.

Corporate Bond New Issues

A debt instrument that you can buy directly from the issuer usually at face value through Fidelity. Generally, corporate bonds are taxable, have a specified maturity, and have a face value of $1,000 with subsequent investments in $1,000 increments. Coupon interest is paid according to a coupon rate set at the time the bond is issued.

CorporateNotes ProgramSM

The CorporateNotes ProgramSM makes available fixed-rate senior and subordinated, unsecured obligations of a variety of independent issuers. They offer a variety of maturities and structures each week. Maturities range from 9 months to 30 years for both callable and non-callable securities. CorporateNotes may be purchased in principal amounts as low as $1,000 and in increments of $1,000.
The risks involved are similar to other corporate bond investments such as credit risk, term risk, and interest rate risk.

Correlation Measures

Measures that show the validity of a comparison to a benchmark index based on the historical relationship between portfolio returns and index returns. See R2. See also Volatility Measures.

Cost

Position cost as represented by the total cost of purchases or exchanges (including commissions). The amount is adjusted for previous sale activity and options proceed adjustments (for assignments and exercises). Note: For retirement accounts, cost does not include dividend reinvestments or capital gains. Cost information on retirement accounts does not reflect your tax basis that may result from nondeductible or after-tax contributions. Cost information on retirement accounts is not provided for tax reporting purposes.

Cost Basis

In a taxable account, cost basis is generally the original amount paid for shares of a security or proceeds from a short sale, including the amount of reinvested dividends and capital gains, plus or minus certain adjustments. Not all basis adjustments may be reflected. Cost basis is used to determine the capital gain or capital loss of an investment when shares are sold.

Cost Basis Per Share

The amount you paid per share for a security when you first purchased it (or proceeds per share for short sale transactions). When you update cost basis information online, cost basis per share is calculated based on the lot quantity and total cost basis for lot. Cost basis per share may include fees and commissions paid at the time of purchase, and therefore may not equal the acquisition price per share.
Note: Fidelity-provided estimated cost basis, realized gain and loss, and holding period information may not reflect all adjustments necessary for tax reporting purposes. Taxpayers should verify such information against their own records when calculating reportable gain or loss resulting from a sale, redemption, or exchange. Fidelity does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information taxpayers may be required to report to federal, state, and other taxing authorities. Fidelity makes no warranties with respect to, and specifically disclaims any liability arising out of a customer’s use of, or any tax position taken in reliance upon, such information. Unless otherwise specified, Fidelity determines cost basis at the time of sale based on the average cost-single category (ACSC) method for open-end mutual funds. For securities other than open-end mutual funds and unless otherwise specified, Fidelity determines cost basis at the time of sale based on the first-in, first-out (FIFO) method. Customers should consult their tax advisors for further information.

Cost Basis Source

The origin of the cost basis information for a position. Possible values:


  • Fidelity, Fidelity is the originator of the cost basis information for the position

  • Customer, you or your authorized agent (accountant, attorney) furnished Fidelity with the cost basis information



Cost of Grant

The total cost of an award, which is the grant price multiplied by the quantity of shares or units awarded.

Cost of Unit

The total cost of a unit, the unit price multiplied by the quantity of shares or units awarded, or the per-unit cost.

Cost Per Share

The amount you paid for your grant (if any).


Cost Per Unit

For restricted stock units, the amount you paid for your units (if any).
For multi-leg options, the dollar amount each leg of a multi-leg option trade would cost. This is the cost of the strategy based on the net amount paid or received. The margin requirements for any strategy may be higher than the actual cost

Cost Previously Provided

The indicator of whether or not you provided the cost and acquisition date of these shares. Possible Values:


  • No: You have not added cost information before today.

  • Yes: You have added cost information before today, indicating that Fidelity has already processed an update transaction.


Note: You may update cost information in either case.

Coupon, Coupon Interest

The interest rate a bond’s issuer promises to pay to the bondholder until maturity.
The interest rate is an annual percentage of the bond’s face value.
For example, a bond with a 10% coupon will pay $10 per $100 of the bond’s face value per year, subject to credit risk.
When searching Fidelity’s secondary market fixed income offerings (e.g., bonds), you can enter a minimum coupon, maximum coupon, or enter both to specify a range and refine your search.
When viewing Fidelity’s fixed income search results pages, you may see “Step-Up” instead of a numeric coupon rate. This means the coupon will “step up” over time at pre-determined rates and dates in the future. Click Step-Up to see the step-up schedule.

Coupon Type

Identifies how a bond’s coupon is impacted during the life of that security. Examples are Fixed, Variable, Step, etc

Coupon Frequency

This refers to how often a fixed-income security (e.g., a bond or CD) pays coupon interest (e.g., quarterly, semi-annually, yearly).


Coupon Rate

A bond’s annual interest rate, expressed as a percentage of the bond’s face value.

Covered Call

In a covered call, also known as a covered-write or buy/write, a customer sells, or “writes,” a call option against a long stock position. By writing an option, the customer receives a cash credit. If a customer sells calls against an existing position, the strategy is called a covered-call or covered-write. If the customer purchases the underlying stock and sells calls against it simultaneously, the strategy is called a buy/write.
Rules: Long stock and short calls on same stock
Example:   Long 1000 XYZ at 100
                  Short 10 XYZ 105 Call

Covered Option

An option contract that is backed by the shares of the underlying stock.

Covered Put

An options strategy in which an investor writes a put option and simultaneously holds a short position in the underlying stock.
Rules: Short stock and Short Puts on same stock
Example:   Short 1000 XYZ at 50
                  Short 10 XYZ 50 Put

CPI

See Reference CPI.

Credit Line (Credit Card)

The amount of credit you may be extended. FIA Card Services® reserves the right to increase or decrease your credit limit

Credit Risk

The risk that the issuer of a debt security (e.g., a bond) may default. For example, the risk that the issuer of a corporate bond may not be able to pay the coupon interest or return the principal at maturity.

Credits
Loans, bonds, charge-account obligations, and open-account balances with commercial firms.

Credit Selection
A fund’s selection of individual bonds; bond selection.

Credit Spread
An options strategy consisting of the buying and selling of options on the same underlying stock, in which the credit from the sale is greater than the cost of the purchase, resulting in a credit at the time of entry into the strategy. In a credit spread, the credit received from entering the position is the maximum profit achievable through the strategy.
Rules: A credit spread consists of either all calls or all puts on the same underlying with the same expiration date.
Examples:   Calls – Short call strike is lower than the long call strike
                   Puts – Long put strike is lower than the short put strike

Cumulative Return

Cumulative Return shows how much your investments grew or declined — in total – over a multi-year period. For example, if a $100 investment returned 10% the first year and 10% the second year, its cumulative return over the entire time period would actually be 21%, taking compound interest into account as illustrated below:


  • Starting value of the investment: $100

  • Return after the first year: 10% ($110)

  • Return after the second year: 10% ($121)

  • Ending value of the investment: $121

  • Compounded Cumulative Return on the investment: 21%


Cumulative Total Return

Cumulative total return reflects actual performance over a stated period of time.

Currency

The trading currency for a security. For example, USD for United States dollars.

Currency Fluctuation

Market Gain/Loss refers to the amount of gain/loss caused by the change in price, in local currency, of the security. Currency fluctuation refers to the amount of gain/loss caused by the fluctuation in the exchange rate.
For a closed position in a security, the formulas that we used to calculate these two amounts are:
Market Gain/Loss = (Exchange Rate on the trade date of purchase x Proceeds in local currency) – US Dollar Basis
Currency Fluctuation = Total Gain/Loss in US Dollars – Market Gain/Loss
For an open position in a security, the formulas that we used to calculate these two amounts are:
Market Gain/Loss = (Exchange Rate on the trade date of purchase x Last Price in local currency) – US Dollar Basis
Currency Fluctuation = Total Unrealized Gain/Loss in US Dollars [or Change Since Purchase in US Dollars] – Market Gain/Loss

Currency Risk

The risk that shifts in foreign exchange rates may undermine the dollar value of overseas investments.

Current

The current amount of cash or securities with a market value of a specific amount that you must deposit into your account to cover a margin or day trade call.
If you have not completely covered a call, this amount may still be lower than the original amount if you have made a deposit into your account or the market value of securities held in margin in your account has increased. The balance must be covered by the due date.
For employee stock purchase plans this amount represents the accumulated payroll deductions.

Current Allocation

The breakdown of an annuity contract’s investment options by percentage. The percentages are current as of the date displayed, and only balances are displayed.


Current Cash Credit/Debit from Unsettled Activity

For a credit balance from unsettled activity, this is the amount that will be added to your core account on the settlement date. For a debit balance from unsettled activity, this is the amount that you must deposit into your brokerage core account by the settlement date. This amount includes the cash credit or debit from unsettled activity as of yesterday’s close, as well as today’s activity.


Current Contract Year

Your first Contract Year begins with the issue date of your contract and ends one year later.   Every year your Contract Year will begin with the same day (May 3, for example). It is important to be aware of your Contract Year and not withdraw more than the Guaranteed Withdrawal Amount in a contract year.  Your current Guaranteed Withdrawal Amount is based on the contract year and not the calendar year. 

Current (Deduction)

The dollar amount or percentage that you are currently withholding for stock purchases during the current period.

Current Dollars

The dollar amount allocated to each position within the basket.

Current Estimated Value

This is a section on the Stock Option Summary|Vesting Schedule and Details screen. In this section, estimated values for exercisable options, unvested options, and total options display.
Estimated values are calculated using the previous business day’s closing price minus the grant price, multiplied by the depicted field (e.g., exercisable options, unvested options, etc.) or zero, whichever is greater. The actual value at exercise may vary.

Current Factor

A decimal value reflecting the proportion of the outstanding principal balance of a mortgage security, which changes over time, in relation to its original principal value. “The Bond Buyer” publishes the “Monthly Factor Report,” which contains a list of factors for Ginnie Mae, Fannie Mae and Freddie Mac securities. Fannie Mae, Freddie Mac and trustees of private label REMICs also publish REMIC tranche factors.

Current Income

Monies paid during the period an investment is held. Examples include bond interest and stock dividends.

Current Investment Style

This refers to the following depending on the type of security:


  • Investments styles for stocks and domestic stock funds include large value, large blend, large growth, mid-cap value, mid-cap blend, mid-cap growth, small value, small blend, small growth. Balanced funds are categorized as domestic hybrid.

  • Also, the investment style for a mutual fund is the fund’s investment approach, determined by the portfolio’s actual holdings not the investment objective stated in the fund’s prospectus. This information is provided by Morningstar, Inc., an independent, third-party information provider.

  • Investments styles for fixed-income securities include short-term government, intermediate-term government, long-term government, short-term bond, intermediate-term bond, long-term bond, and high-yield bond.

  • The investments style for foreign stock and world stock funds is foreign stock or world stock, respectively.



Current Margin Credit/Debit Balance

For a margin credit balance, this is the amount due to you for margin activity in your account. For example, you sell shares held in margin in your account. Until the trade executes, the proceeds from the sale are part of your total margin credit balance. Once the trade settles, the proceeds are moved to the core account money market balance. For a margin debit balance, this is the amount you owe Fidelity for margin activity in your account. For example, money borrowed to buy securities or for cash withdrawals is added to the margin debit balance. This amount includes the margin credit or debit balance as of yesterday’s close, as well as today’s activity.

Current Market Value

For basket trading, the real-time last trade price multiplied by the number of shares. For bonds, the amount a willing buyer will pay for a bond today, which may be at a premium (above face value) or at a discount (below face value).

Current Offering Period Dates

The list of the offering periods in which you have participated in an Employee Stock Purchase Plan.

Current Outstanding Balance (Credit Card)

The total billed amount you owe as of the closing date of a billing cycle.

Current Payroll Deduction

The dollar amount or percentage that you are currently having withheld for stock purchase during the current period.

Current Payroll Elections

The percent amount that you are currently having withheld for stock purchase during the current offering period.

Current Price

The current market price of a stock.

Current Quarter (MMM YY)

The earnings per share for the current quarter. Earnings per share is a portion of a company’s profit allocated to each outstanding share of common stock, the amount a company earned divided by the number of shares outstanding. This includes:


  • the most recent quarterly reported earnings per share ($)

  • the percentage change in earnings per share as compared to the same quarter of the previous year (%)


Current Rate

For Municipal Reset securities, the rate set at the most recent auction for this security. The rate will continue to be applied for every day, up to and including the Next Auction Date.

Current Ratio (MRQ)

In a Company Profile, this is the ratio of total current assets for a company’s most recent quarter divided by the total current liabilities for the same period.

Current Shares

The number of shares allocated to each position within a basket.

Current Short Credit/Debit Balance


  • If your account owes money, it has a short debit. For example, if a shorted stock goes up in price, you may need to add money to meet the minimum short requirement.
     

  • If your account is in the money, it has a short credit. For example, if a shorted stock goes down in price, the short credit balance shows by what amount your balance exceeds the minimum short requirement. You can use this amount for other purposes (e.g., you can withdraw it as cash).


Short credit and short debit balances include the previous day’s closing price and today’s activity.

Current Sold Call Bid Price

The price at which a buyer is willing to buy an option or a stock. This is the most you may receive for the option.

Current Total

The number of shares allocated to each position within a basket.

Current Total Basket %

The percentage of the total basket that a position represents.

Current Value

A security’s quantity multiplied by the price at which that security is currently trading.

Current Yield

Current yield is the annual coupon interest payment divided by the current market price of the security. Current yield does not include capital gains and losses or the effect of interest-on-interest compounding from reinvesting coupon interest payments.

CUSIP

The alphanumeric identifier used throughout the financial community to identify a U.S. or Canadian security.


Cyclicals

Stocks of companies whose business prospects are tied to economic cycles. For example, steel companies often do poorly in a recession, when consumers are buying fewer large items such as cars and refrigerators.

 
 
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