The writing of call contracts without owning the underlying stock. The maximum profit is the amount of premium collected, but the risk is significant, as with short-selling.
Example: Short 10 XYZ 50 Call
The writing of a put contract without also short selling the underlying stock or having an affiliated position. The maximum profit is the premium collected. The maximum risk is the strike price sold, less the premium received. This strategy is commonly used by investors who are looking to accumulate shares in the underlying stock.
Example: Short 10 XYZ 50 Put
NASDAQ Composite Index
The NASDAQ Composite Index is an unmanaged, market-capitalization-weighted index that is designed to represent the performance of the National Association of Securities Dealers Quotations Stock Market, which includes more than 3,000 domestic and international based common stocks. The index does not include the reinvestment of dividends.
The full name of a security (e.g., International Business Machines for the trading symbol IBM) or an index (e.g., Dow Jones Industrial Average for DJIA).
Refers to the ability to name your Fidelity accounts and annuities and to hide zero-balance accounts and zero-balance positions in eligible mutual fund accounts*.
* The option to hide zero-balance positions is only available for eligible mutual fund accounts.
The amount of your withdrawal request, less any applicable fees and tax withholding.
Net Asset Value (NAV)
The market value of a share of a mutual fund as calculated after the close of the previous trading day.
The dollar value of one share of a fund determined by taking the total assets of a fund, subtracting the total liabilities, and dividing by the total number of shares in the fund.
This is a section that displays on the Portfolio Summary screen if you have a Fidelity NetBenefits® account.
The availability of NetBenefits and the options and services available to you depends on the specific features of your employer’s plan.
On multi-leg option trading screens, the net bid or ask price for an option across all exchanges. Note that net bid/ask is an estimate; your actual bid or ask price may vary at time of trade.
This field displays on the Exercise History and Exercise History Details screens for an exercise and sell transaction. This is the cash the optionee received after subtracting the exercise cost and any applicable commissions, fees, and taxes.
The dollar amount change in the price of the security since the previous day’s close.
Net Change ($)
The dollar amount of change calculated by subtracting the cost from the current market value of the security.
Net Change %
The percent change in the price of the security since the previous day’s close.
The amount of premium that paid to enter into an options strategy. It is the difference between the price of the options sold and the options bought. The expressed value is the cost related to the transactions. It does not include commissions.
The net monetary amount, gain or loss, realized from selling security shares. The amount includes disallowed losses. This amount is calculated to two decimal points using the formula:
net long-term + net short-term = net gain/loss.
The net total of all realized long-term gains and losses from security sales as determined by Fidelity, adjusted for disallowed losses:
total long-term gain – (total long-term loss – total long-term disallowed loss) = net long term.
A tax withholding method by which the Restricted Stock Award (RSA) sponsor retains enough shares to cover your tax withholding due. You will receive fewer shares, but will not have to cover the taxes with existing funds.
The net total of all realized short-term gains and losses from security sales as determined by Fidelity, adjusted for disallowed losses:
total short-term gain – (total short-term loss – total short-term disallowed loss) = net short-term.
The total value (total assets minus total liabilities) of an account as of the close of the prior business day.
The amount includes:
- for a brokerage account, the net market value of all long and short positions less any outstanding debit balance and any amount required to cover short option positions that are in the money
- for a mutual fund account, the total market value of all shares in the account
- for a tax-deferred annuity, the total value of all investment options
- for a Personal Trust account, the Fair Market Value of certain non-financial assets does not reflect current actual valuation
For employee stock purchase plans, this amount refers to the new dollar amount or percentage that will be withheld for stock purchase during the specified offering period.
New Issue Offerings
This refers to fixed-income securities (e.g., bonds) that you purchase directly from the issuer usually at face value through Fidelity. For example, buy a Treasury Auction bond directly from the U.S. government at face value, $1,000.
New Payroll Deduction
For employee stock purchase plan, this amount refers to the new dollar amount or percentage that will be withheld for stock purchase during the current period.
Next Anticipated Rate
For Municipal Reset securities, the rate communicated as a guideline by the broker-dealer holding the auction. It is intended as a good faith estimate, based on market and other information, to indicate when the next auction is likely, but not guaranteed, to clear.
Next Auction Date
For Municipal Reset securities, the date on which the next auction will take place and a new rate will be established. On the day after the auction, the agreed rate will become the Current Rate.
- Discount, the security would be called at a price that is lower than the face value
- Premium, the security would be called at a price that is greater than the face value
The date (MM/YY) of the bond’s next coupon payment.
Next Payment Date
For bond ladders, this date refers to the date you are scheduled to receive the next interest payment from the bond issuer.
With regard to the Smart Payment Program, this date is the next that a payment will be made through the Program. Payments are made on the last business day of each month.
Next Reset Date
The next date upon which a new rate will be established for stepped and variable securities, including Municipal Resets. This is not to be confused with the Next Auction Date which can be found on the Muni Reset New Issue Offerings Table.
Next Reset Rate
The next rate that will be established for stepped and variable securities.
Non-Callable (Call Protection)
Indicates whether the bond is non-callable, i.e., has call protection. Yes means the bond is not callable.
Non-Cash Liquidation Distributions
Non-cash distributions made by corporations that were partially or completely liquidated. Fidelity reports the equivalent fair market value of the security distribution.
A condition on an order indicating that no restrictions have been placed on the execution of the order.
Non-Fidelity Fund Commission Schedule
Transaction Fee Funds:
- The commissions apply only to purchases for non-Fidelity funds available through FundsNetwork® for which you must pay a transaction fee to Fidelity.
- There are no transaction fees for redemptions for non-Fidelity funds available through FundsNetwork®
- For trades placed via a Fidelity representative, you pay 0.75% of the principal purchase amount. The maximum charge is $250. The minimum charge is $100.
- You can choose to buy or sell shares directly from the fund itself or its principal underwriter or distributor without paying Fidelity a transaction fee
- *Applies to open-ended mutual funds only. Some funds may also charge redemption fees. Please read prospectus for details.
- Load funds are also available. You will be charged the sales load as described in the fund’s prospectus. No additional transaction fee will be charged.
- Note: For more complete information, including management fees and expenses, on any FundsNetwork fund call for a free prospectus. Read it carefully before you invest or send money.
“No Transaction Fee” Funds:
- Funds that are available without paying a transaction fee to Fidelity.
- Other fees and expenses, including those which apply to a continued investment in the fund, are described in the fund’s current prospectus. Fidelity Brokerage Services LLC or its brokerage affiliates may receive remuneration for providing certain record keeping or shareholder services to these fund families. Fidelity reserves the right to charge a transaction fee under certain circumstances for funds otherwise available without paying such a fee to Fidelity. See the commission information in this help topic for complete details.
- Fidelity reserves the right to change the funds available with no transaction fees and reinstate the fees on any fund. Fidelity Charges a transaction fee each time you sell shares in FundsNetwork funds purchased without paying a transaction fee or load and held less than 180 days (short-term trade). In addition, if you place more than 15 short-term trades in a 12-month period in your account, Fidelity will begin charging a transaction fee each time you purchase or sell shares of FundsNetwork funds (typically available without paying a transaction fee or load) in that account for the following 12 months. Automatic investment are included. Fidelity funds, money market funds, and shares purchased through dividend reinvestment are excluded. The transaction fee will be based on the existing FundsNetwork transaction fee schedule fee applicable to that account. Transaction fee discounts for trading via Fidelity Automated Service Telephone (FAST®)
or Fidelity.com will apply. If you purchase a no-load fund and pay a transaction fee, you will be obligated to pay a transaction fee upon its sale. This program is subject to change without notice.
A dividend that does not qualify for the reduced tax rates as stipulated in the Jobs and Growth Tax Relief Reconciliation Act of 2003.
Non-Qualified Stock Options (NSOs)
A stock option is the opportunity, granted to you by the issuer (e.g., your company), to purchase a certain number of shares of your company’s common stock at a pre-established grant price over a defined period of time. NSOs are traditional stock options that do not meet certain IRS requirements, and therefore are not eligible to afford you special tax treatment.
Non-Reportable Option Sales
Proceeds from the sale of options, including premiums received from writing options. Fidelity is not required to report this information to the IRS.
The portion of a fund’s total distributions that exceeds its taxable earnings for the year (sometimes referred to as a return of capital). A nondividend distribution is treated as a non-taxable return of the cost of your investment to the extent of your tax basis in your shares, and as capital gain to the extent that it exceeds your tax basis in your shares. A nondividend distribution reduces your tax basis in your shares (but not below zero) and thus increases any gain or reduces any loss on a subsequent sale or other taxable disposition of your shares.
Non U.S. Treasury Bonds & Notes Interest
The total interest paid during the calendar year from all debt instruments other than U.S. Treasury obligations.
For specific share trades, choose this option if you do not want Fidelity to sort the tax lots for your order.
Not Eligible for Credit Adjustment
Fidelity’s credit adjustment policy applies only to substitute payments received in eligible accounts as a result of a security being loaned from a margin account, with a margin debit balance, over a record date. Substitute payments could be received as a result of non-qualified dividend or interest payments and these payments would not result in a credit adjustment.
An order status alert that indicates an order good only for the current day was not executed and was removed from the market. You must place the order again for it to be eligible the next trading day.
Number of Awards
The total number of restricted stock awards per award ID that a participant has been granted and accepted.
Number of Shares Vesting
Number of shares you wish to model.
Number of Income Units
The number of units owned for an investment option.
If the investment is the Fidelity Fixed Income or Guaranteed Account, this value is n/a.
Income unit applies to annuities.
Number of Ounces
The number of ounces of a precious metal that would be bought or sold as part of a trade order.
Note: To place an order for precious metals, call a Fidelity representative at 1-800-544-6666.
Number of Positions Held
The total number of investment options currently held in an annuity.
Number of Rights
The number of stock appreciation rights, vested and unvested, that you wish to model.
Number of Shares
On a Trade screen, the number of shares of a security that would be bought or sold as part of a trade order.
On the Transfer Shares screen, this is the number of shares to be transferred to another Fidelity account. Select this option and then enter the number of eligible shares to transfer in the corresponding text box.
Number of Units Vesting
The number of units you wish to model.
Number of Years in Ladder
Number of years in the bond ladder, from the current day until the maturity date of the longest-dated bond.