The name you assign to help identify the bond ladder you are building. This can be any combination of letters, numbers or symbols.
Choose the strategy for your ladder: Investment of an initial amount, or desired income generated by the ladder. Your strategy affects the quantity and coupon for bonds required to create your ladder.
For initial investment amounts the tool selects bonds meeting your criteria closest to the calculated rungs of your ladder. Included in this calculation is the prevailing market price and any accrued interest that would be payable if the bonds are purchased.
For desired annual income, the tool searches for bonds meeting your criteria closest to the rungs of your ladder and adjusts the quantity of bonds to meet your specified annual income target.
A class of assets where the holdings are in large cap stocks, that is stocks with a level or capitalization of at least $5 billion in market value. See also, International, Fixed Income, Small Cap, and Mid Cap.
For portfolio and account analysis, mutual funds with a median market capitalization of at least $5 billion, as defined by Morningstar, are classified as large cap. Individual stocks with a market capitalization of at least $5 billion in market value are classified as large cap.
This varies by security type:
- for stock and option quotes, the unit price of the most recent order for shares of the security on the primary exchange
- for mutual fund and money market quotes, the Net Asset Value (NAV) as of the end of the previous trading day
- the NAV is updated once per day, after the close of trading
- for index quotes, the index value at the time noted in the Date/Time field
All dates and times are reported in Eastern U.S. time.
For Extended Hours session (Premarket or After Hours session) trade orders, the source of the last trade price is the standard market session or the Extended Hours session depending on the session in which the last trade for the security was executed.
Date issuer anticipates to pay the last interest payment. Usually coincides with maturity date.
Last Maturity Date
This defines the longest maturity in your bond ladder. This should be the last bond in your ladder to mature. Maturity is based on actual maturity date, if callable and the bond is called it will be based on call not maturity schedule and bonds may pay prior to maturity.
Last Payment Date
The date that your last payment to your account was received.
Last Saved Market Value
The real-time market value for a basket as of the last time it was saved.
Last Trade [tick]
The unit price of the most recent trade for shares of the stock and the upward [+] or downward [-] movement since its previous close. This information is only available for stocks and options.
- For a Standard Session quote, this is information from the primary exchange on which a security is traded.
- For an Extended Hours quote, this information is the unit price from the most recent order across a number of ECNs linked to the ECN in which Fidelity participates and Nasdaq, when available. The last[tick] quote shown for the standard session quote is as of the market close.
- For an Order Book Quote, this is the price of the last matched trade.
Last Trade Exchange
The exchange or market on which the security was last traded (e.g., New York Stock Exchange, Nasdaq, etc.). The last trade exchange also indicates the primary exchange for an option contract.
Last Trade Size
The size of the last trade placed for a security.
Latest Quarter (MMM YY)
The most recently reported actual revenues for the quarter listed.
Latest 12 Months
The sum of the most recent quarterly reported revenues expressed in millions or billions. Also, the percentage change of these 4 quarters as compared to the same 4 quarters a year ago.
LB 3-Month US T-Bill
An unmanaged, market-value-weighted index of investment-grade fixed-rate public obligations of the U.S. Treasury with maturities of 3 months, excluding zero coupon strips.
LB US Tips
This index represents domestic bonds with cash flows linked to an inflation index (and a maturity date a least a year away).
For new issue fixed-income offerings (e.g., the initial sale of bonds), this refers to the investment firm that is controlling the offering.
The lead manager is, among other things, responsible for organizing the syndicate (the group of broker-dealers who distribute the offered securities to individual investors), allocating and distributing securities to the syndicate broker-dealers, and pricing the offering.
This refers to the address on file with Fidelity that you use for official purposes such as tax reporting.
If you request an IRA distribution, your legal address is used to determine your state of legal residence and the state tax laws that determine if Fidelity must withhold state tax from your distribution and, if so, how much. If you do not have a legal address on file with Fidelity, then your mailing address is used to determine the state for state taxation purposes.
For an exercise and sell transaction, this is a section under Explanation of Proceeds on the History Details screen. In this section, all costs including cost of shares, taxes, commissions, and fees for the transaction are listed.
Life of Reporting
For your Life of Reporting, the beginning date shown reflects the date as of which we added your PAS or PPS account to the performance database and began to calculate your account’s performance. Performance calculated from this date could differ from your date of account establishment or account investment. Prior to 11/30/2001, accounts were added to the performance database at the end of the quarter in which the account was properly funded and in good order. Thereafter, accounts were added to the performance database at the end of the month in which the account was properly funded and in good order. Currently, accounts are added to the performance database at the end of the month in which the account is properly funded and in good order. Portfolio Advisory Services began tracking account performance on 12/31/1999. For accounts that opened prior to 12/31/1999 or that have changed registration, historical data is unavailable in your Quarterly Review.
An order price type placed on the execution of an order. When you place a limit order to buy, the stock is eligible to be purchased at or below your limit price, but never above it. When you place a limit order to sell, the stock is eligible to be sold at or above your limit price, but never below it.
Fidelity requires limit orders on the first day of trading for IPOs, even after the security starts to trade in the secondary market. This applies to buy orders only. Good Til Canceled orders are accepted after the new issue starts to trade in the secondary market.
A limit coupon order may be placed when purchasing a Municipal Reset. It is the minimum coupon or rate you are willing to accept when the next auction clearing rate is established. If the reset occurs below your stipulated rate you will not buy the bonds.
The limit coupon may also be used by existing holders of a particular municipal reset in the context of a Hold order. Again, it is the minimum coupon rate you are willing to accept when the next auction clearing rate is established. If the reset occurs below your stipulated rate you will forfeit your bonds.
The maximum price that a buyer is willing to pay for a security. Usually buy limits are set at or below the security’s current price.
The minimum price that a seller is willing to receive for a security. Usually sell limits are set at or above the security’s current price.
In a “Limit” order, the price is guaranteed, but not the execution.
Limit Price Order
An order placed to buy or sell a set number of shares (or bonds) at a specified price or better.
Limit Yield Order
A limit order in which you specify your limit price in terms of a bond’s yield.
Lipper Funds Averages
Lipper Analytical Services, Inc., is a nationally recognized organization that reports on mutual fund total return performance and calculates fund rankings. Peer averages are based on universes of funds with the same investments objective. Peer group averages include reinvested dividends and capital gains, if any and exclude sales changes. These averages include the following: Balanced Funds, Canadian Funds, Capital Appreciation Funds, Convertible Securities Fund Averages, Corporate Debt BBB Funds, Emerging Markets Funds, Emerging Market Debt Funds, Equity-Income Funds, European Region Fund, Flexible Portfolio Funds, General U.S. Government Funds, General World Income Funds, GNMA Funds, Global Funds, Global Flexible Portfolio Funds, Global Income Funds, Growth Funds, Growth and Income Funds, High Current Yield Funds, High Yield Municipal Debt Funds Average, International Funds, Intermediate Investment Grade Debt Funds, Income Funds, Japanese Funds, Latin American Funds, Lipper China Regions Funds Average, Lipper Intermediate Municipal Debt Funds Average, Mid-Cap Funds, Pacific Region Funds, Pacific Ex Japan Funds, Real Estate Fund Averages, Short Investment Grade Debt Funds, Short Intermediate Municipal Debt Funds Average, Short-Intermediate U.S. Government Funds, Small Company Growth Funds, and U.S. Mortgage Funds.
Fund ranking calculated quarterly or annually by Lipper Analytical Services of New York. Each fund is ranked within a universe of funds similar in investment objective. Lipper Analytical Services, Inc. is a nationally recognized organization that reports on mutual fund total return performance and calculates fund rankings.
Lipper Tax-Exempt Money Market Funds Index
An index, which consists of, the largest (assets) 30 funds within the tax-exempt money market discipline and is equal-weighted and adjusted for capital gains and income.
Selling securities you own and then transferring the cash proceeds to your account.
The risk that an investor may be unable to sell a bond at or near its face value.
Indicator specifying whether the bond is listed and tradeable on the NYSE.
The Life Of Account percent is the percent gain of loss for the portfolio since its inception date.
LOC Credit Bank
The bank issuing a letter guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.
LOC Expiration Date
The date the letter of credit expires.
Identifies the Terms and Conditions by which the LOC can be executed.
The sales charge for a fund, if any.
Local 1 Tax Withheld
The total amount withheld for local tax after an order to exercise stock options executes. Your employer is required to report taxable income from the sale of stock options and remit the withholding amount to the appropriate regulatory agencies.
Local 2 Tax Withheld
If you are subject to more than one local tax, the total amount withheld for the additional local tax after an order to exercise stock options executes. Your employer is required to report taxable income from the sale of stock options and remit the withholding amount to the appropriate regulatory agencies.
This is a trading market in which the bid and ask prices for a security are identical.
Life of fund; i.e., the period of time since a portfolio’s inception date.
The Life of Fund percent is the percent gain or loss for the portfolio since its inception date.
Long Box Spread
An options trading arbitrage strategy in which two vertical spreads, a bull call spread and a short bear spread, are purchased together to take advantage of underpriced contracts. The profit is made in the premium difference between the spreads.
Example: Long 10 Call XYZ 120
Short 10 Call XYZ 125
Long 10 Put XYZ 125
Short 10 Put XYZ 120
Long Butterfly Spread
An options strategy composed of four options contracts at three strike prices for the same class (call or put) on the same expiration date: one bought in-the-money, two sold at-the-money, and one bought out-of-the-money. Loss and profit are both limited in this strategy, and maximum profit is achieved when the underlying price doesn’t change.
Rules: The intervals between the strike prices of the three positions must be equal and in either ascending (calls) or descending (puts) order. The quantity of the long calls/puts must equal the quantity of the short calls/puts.
Example: Long 10 Call XYZ 120
Short 20 Call XYZ 125
Long 10 Call XYZ 130
Long Calendar Butterfly Spread
An options trading strategy comprised of entering a calendar spread and a butterfly spread. This is a combined strategy that can create a discounted long position with the downside protection of the limiting loss to the premium of the contracts.
Example: Long 1 XYZ Jul 50 Call
Short 2 XYZ Jun 55 Call
Long 1 XYZ Jun 60 Call
Long Calendar Condor Spread
An options trading strategy comprised of a entering a long calendar spread and two long butterfly spreads. This is a combined strategy that can create a discounted long position with the downside protection limiting loss to the premium of the contracts.
Example: Long 1 XYZ Jul 50 Call
Short 1 XYZ Jun 55 Call
Short 1 XYZ Jun 60 Call
Long 1 XYZ Jun 65 Call
A bullish options strategy in which the customer buys call contracts with the intention of profiting if the underlying stock price rises above the strike price before expiration. Losses are limited to the premium paid for the options, and profit potential is unlimited.
Example: Long 10 XYZ 50 Call
Long Condor Spread
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.
Rules: The quantity of all contracts must be equal. The interval between strike prices of the first and second leg must equal the interval between strike prices of the third and fourth leg. The interval between strike prices of the two middle legs does not need to equal intervals between the first and second, and third and fourth. Strike prices must be in ascending (calls) or descending (puts) order.
Example: Long 10 Call XYZ 120
Short 10 Call XYZ 125
Short 10 Call XYZ 130
Long 10 Call XYZ 135
A bearish options strategy in which the customer buys put contracts with the intention of profiting if the underlying stock price falls below the strike price before expiration of the option. It is similar to shorting a stock, but with an expiration date. Unlike shorting a stock, a customer does not need to borrow stock, and limits losses to the premium paid for the options.
Example: Long 10 XYZ 50 Put
An investment held for more than one year.
For variable annuity VIP sector funds, this is a fund for which you have held units for 60 days or longer.
For variable annuity VIP sector funds on the VIP Sector Fund Detail screen, this is the percentage of sector fund shares you have held units for 60 days or longer.
For shares in a mutual fund, the number of shares that have been held longer than the minimum holding period defined in the fund’s prospectus. These shares may not be subject to redemption (short-term trading) fees.
For shares of other types of securities:
- shares that have been held for six months for more for capital gains tax purposes
- shares that have been held for a period of time for long term capital growth purposes
N/A may display on the details page for a mutual fund position: for Fidelity funds, N/A means the fund does not have a redemption fee; for a Funds Network fund, N/A means the fund is a transaction fee fund and you have already paid the transaction fee. If you are unsure about what N/A means for your specific fund, please see the fund’s prospectus.
The Life Of Portfolio % is the percent gain or loss for the portfolio from its inception date through the most recent month-end date.
The number of shares in a selected or specified lot.
For a trade action, this is the number of shares you have selected to trade from a tax lot.
When updating cost basis, this is the number of shares in a selected lot for which you can provide basis for a taxable account or cost for a retirement account.
In a price chart, a list of several popular technical indicators.
Select the following for indicator definitions:
- Relative Strength Index (RSI)
- Moving Average Convergence Divergence (MACD)
- On Balance Volume (OBV)
- Fast Stochastic
- Slow Stochastic
- Rate of Change (ROC)
- Williams %R
- Money Flow
- Volume Accumulation
- Volatility Fast
- Volatility Slow
- Ultimate Oscillator
- % Short Interest
- Rolling EPS
- P/E Ratio
- P/E Ranges
- Rolling Dividend
- Up/Down Ratio
- Arms Index (TRIN)
- A/D Line Breadth
- A/D Line Daily
- % Compare
Lt Future Growth Rate
The long-term secular growth rate estimated for a period of 5 years. It can be as short as 3 years.