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Retirekit Glossary T

T


TAM Aggressive Growth
A heavy load of domestic and foreign stocks with modest bond exposure, this benchmark blends the Wilshire 5000 (70%), MSCI EAFE (15%), LB Aggregate (15%) Indexes.

TAM Balanced
A steady combination of domestic and some foreign stocks, offset by bonds and T-Bills. Indexes in this benchmark are the Wilshire 5000 (45%), MSCI EAFE (5%), LB Aggregate Bond (40%), and 3-Month T-Bill (10%).

TAM Conservative
Half bonds and T-Bills, half domestic equity. Indexes in this benchmark are the Wilshire 5000 (20%), LB Aggregate Bond (50%), and 3-Month T-Bill (30%).

TAM Growth
Emphasizing stocks and growth, this benchmark includes the Wilshire 5000 (60%), MSCI EAFE (10%), LB Aggregate (25%), 3-Month T-Bill (5%) indexes.

TAM Most Agressive
Our most growth-oriented benchmark tracks U.S. equities with the Wilshire 5000 (80%) and Asian and Australian equities with the MSCI EAFE (20%) indexes.

TAM Short-Term
This index is made up entirely of 3-month Treasury Bills.

Target Asset Mix
You selected your target asset mix (TAM) in the planning session when you created your plan of record. Your TAM defines the asset allocation you want to follow to support your retirement goals. Your TAM should reflect your tolerance for risk, and helps protect you from the effects of inflation and adverse market conditions.

Target Dividends
The number of dividends received from your employer based on your target awards granted.

Target %
The percent gain or loss that the portfolio has achieved over the previous specified period of time. Refer to the as-of date to determine the exact period. Fidelity Portfolio Advisory ServiceSM and Fidelity Private Portfolio ServiceSM use target portfolios. The performance of customer’s portfolios may be similar to that of these models, depending on the risk tolerance, fund composition, tax-sensitivity, and time horizon.

Target Profit
The minimum percent return on investment you hope to achieve using a given underlying and strategy.

Target Shares/Units
The number of shares/units granted to you in a performance award grant.

Target Year
The final year in which the fund plans to support the Smart Payment Program’s payment strategy and distribute monthly payments. Shortly after its end date, each fund will be liquidated and distribute remaining assets to shareholders. For investors who have elected to receive monthly payments, all principal and earnings will have been paid out by the end of the target year.

Taxable Equivalent Yield
The interest rate which must be received on a taxable security to provide the holder the same after-tax return as that earned on a tax-exempt security.

Taxable Income
The dollar amount of any transaction that is subject to taxation:

Taxes
An estimate of the income tax that would be withheld when an exercise and sell or an exercise and hold order for non-qualified stock options executes. Actual taxes at time of order execution may be different. This may also describe an estimate of the taxes due when your restricted stock awards (RSAs) vest.

Taxes Withheld
The total amount of tax withheld at the time the Restricted Stock Award vests. The taxes withheld are not necessarily the taxes due on the award.

Tax-Exempt Income
Tax-exempt income refers to interest from municipal bonds as well as distributions from mutual funds that qualify as exempt interest dividends and are generally not taxable for regular federal income tax purposes. Fidelity reports this information to the IRS, and may be required to report the information to tax authorities in California among other states. The total amount or a portion of tax-exempt income (reported as Specified Private Activity Bond Interest) must be taken into account in computing the federal alternative minimum tax applicable to individuals and may be subject to state and local taxes. You are required to report tax-exempt income on Form 1040, and may be required to report it on your state tax return as well.

Tax Filing State
When requesting an IRA distribution, this is the state’s law that is used to determine whether or not Fidelity must withhold state tax from your distribution and, if so, how much should be withheld. This is also the state that will be sent your state tax withholding amount and should be where you file taxes pertaining to your IRA.

Fidelity uses the state from your legal address on file with Fidelity for this purpose. If you do not have a legal address on file, then the state from your mailing address is used to determine the state tax withholding requirements for your IRA distribution.
State tax withholding laws vary by state. When you enter a request for an IRA distribution, the applicable state tax information and options display for your state of legal residence.

Tax Lot
A tax lot is a record of the details of a purchase or acquisition of a security.

Each acquisition of a security on a different date or for a different price constitutes a new tax lot.
Tax lots record cost basis information for your positions.

Tax Lots Choose Specific Shares
This field displays on trade order entry screens for stocks, options, and mutual funds. If you select this field, you will be able to specify the tax lot shares to trade.

The Tax Lots Choose Specific Shares field is only available for eligible accounts and if you select a valid action for the order. Valid stock order actions are Sell and Buy to Cover. Valid option order actions are Sell to Close and Buy to Close.

Tax Withholding Method
Depending on plan rules, you can fulfill your tax withholding obligations either by netting shares or paying cash (depositing funds).

Tax Year
The tax year for which you want to make an annual IRA contribution. A prior tax year contribution may only be made between January 1 and April 15 (generally). A current tax year contribution may be made from January 1 to December 31.

Effective January 1, 2002, annual IRA contribution limits have increased for the 2002 tax year and beyond.
On a tax information screen, tax year refers to the year for which you want to view tax information.

TBA Indication
Indicator used to describe if the mortgage backed security may be the subect of a delayed delivery contract when certain terms of the contract such as pool number are not known at the time of the trade date.

10 Yr. %
The percent gain or loss that the portfolio has achieved over the previous ten-year period. Refer to the “as of” date to determine the exact period.

Term
An indicator of how long a security position or lot was held.

Possible values:


  • Long: The shares were held for more than 1 year.

  • Non-Reportable: The lot or position was closed as the result of a transaction other than a sale. No reportable gain/loss was reported, and consequently the holding period and resulting term are not reported.

  • Short: The shares were held 1 year or less.

  • Unknown: Fidelity does not know how long the shares were held. This state typically exists because the shares were transferred to Fidelity from another institution and the holding period prior to the transfer is not known.


For fixed-income securities (e.g., bonds), this is the period of time from the security’s issue date until the maturity date. For example, for a 10-year corporate bond, the term is 10 years.

Term to Maturity
For a Certificate of Deposit (CD), this is the number of months or years from the date it was issued to the maturity date. For example, 6 months.

TEY
Income from municipal bonds is generally exempt from federal, state and local income taxes, depending on the issuer and the state in which you live. The tax equivalent yield (TEY) shows the after tax yield on municipals to give it a more accurate comparison to similar taxable investments.

Theta
The rate of change in an option’s theoretical value for a one-day change to the option’s expiration date. Theta quantifies time decay, which describes how the theoretical value of an option erodes or reduces with the passage of time.

Example:      A position theta of 0.07 means that for every one-unit change in time to expiration, the combined option value would rise/fall by $0.07.

Theoretical P/L
Shows the potential outcomes of a strategy, where dollars of profit or loss are graphed on the vertical axis and various stock prices are graphed on the horizontal axis.

Thinly Traded Securities
Securities for which there are few offers to buy and sell.

Third-Party Price
The most recent closing price for a bond provided from a third-party source.

Third-Party Providers
Fidelity’s fixed income inventory is composed of offerings from Fidelity Capital Markets and from other third-party providers.

Fidelity may source bonds directly from national and regional broker dealers or use national and regional broker dealers that are affiliated with the BondDesk, Knight BondPoint and The MuniCenter offering platforms. In all cases third-party inventory offerings are denoted with an asterisk * next to the issuer name. Inventory not marked with an asterisk is Fidelity Capital Markets’ owned inventory. 
Note that Fidelity’s combined inventory will generally not represent the universe of outstanding securities of a given bond type.

Third-Party Sources
In the context of the Bond Search Results Scatter Graph, Fidelity uses a variety of data sources from various third-party sources including:


  • Closing prices provided by IDC – itself sourced from IDC and other market participants.

  • Credit ratings information from S&P and Moody’s.

  • Inventory Offer prices from Fidelity Capital Markets and other broker dealers both on and off the BondDesk and The MuniCenter platforms.

  • Calculations developed by Fidelity Brokerage Services LLC, member NYSE, SIPC, and Strategic Advisers Inc., a registered investment adviser and a Fidelity Investments Company.

30/360
An interest formula used for municipal, corporate and agency bonds, where interest accrues as if the year has 360 days and the month has 30 days.

30 Day Yield %
Based on yield to maturity of a fund’s investments over a 30-day period, and not on the dividends paid by the fund, which may differ.

3 Month %
The percent gain or loss that the portfolio has achieved over the previous three-month period. Refer to the “as of” date to determine the exact period.

3 Yr. %
The percent gain or loss that the portfolio has achieved over the previous three-year period. Refer to the “as of” date to determine the exact period.

Tick
The upward [+] or downward [-] movement in price for a security from it’s previous closing price.

Ticker Symbol
A series of letters (or a single letter) used to identify a security.

TIGRS
See Treasury Income Growth Receipts (TIGRS).

Time
Select the time period you would like charted from the drop-down box labeled Time. The 1-day, 2-days, and 5-days options use intraday pricing data and the remaining choices use end-of-day pricing.

Note: If you would like to chart all data available in the BigCharts database on a given symbol, select All Data from the list.

Time and Tick
A method used to help calculate whether or not a day trade margin call should be issued against a margin account.  With this method, only open positions are used to calculate a day trade margin call.

Note: For example, assume a day trade buying power of $90,000.  If you traded in the following sequence, you would not incur a day trade margin call: buy $90,000 of IBM (the open position), sell it for $90,000 (close the position), and then buy $90,000 of IBM again.  However, if you bought $80,000 if DELL while the $90,000 IBM position was open, you would have $170,000 in open positions, which would exceed your buying power.  As a result, a day trade margin call would be issued.

Time in Force
A time limitation that can be placed on the execution of an order.

Time in force limitations include:


For orders placed:

  • During the Premarket and After Hours sessions, only the Day or Immediate or Cancel time-in-force limitations are permitted

  • To exercise and sell stock options, only the Good ’Til Cancel and Day time-in-force limitations are permitted

  • To sell short and for fixed-income orders (e.g., bond and CD orders), only the Day time-in-force limitation is permitted

Time in Years
On the Historical Analysis screen, this is the best and worst market returns for up to a 35 year period.

Title
The headline for a news article. Click a headline to display the entire article.

To
These are the target destinations for a transaction to transfer money or shares, that is the account into which money or shares will be transferred. For any transfer of money or shares, always select the account to transfer from before you select the account to transfer to.

The list of entities displayed as possible targets for a transfer depend on what type of account is selected as the source or from account.

To Account
The account number or account number and name of the account to which cash or shares are being transferred. This account information is displayed for verification and confirmation of all money transfers or shares transfers.

Today’s Change

The Today’s Change total provides a sum of price changes for positions that have already changed price today. For each position that changed price today (highlighted in yellow on positions-related screens), the change in price between previous market close and the most recent price is used to determine Change Since Last Close. The sum of all Change Since Last Close dollar values for all positions that changed price today is Today’s Change.
Because stock prices are updated continuously from 9:30 a.m. to 4 p.m. ET during active trading, stocks impact Today’s Change more than mutual funds or fixed income securities. The prices of mutual funds and fixed income securities are updated less frequently, and do not always change on a daily basis. The Change in Securities Not Priced Today total provides a price change total for all positions that have not changed price today.
After market close, Today’s Change reflects the cumulative total of changes between today’s closing price and a previous closing price for your stocks, options, mutual funds, and bonds. Keep in mind that the price of many mutual funds is updated within several hours of market close (e.g., between 4 and 6 p.m., ET). When this update occurs, the change between the new price of the fund and the previous price of the fund will be reflected in your Today’s Change total. This total will be refreshed again before the next morning ET, such that your Today’s Change total will begin at zero when the market opens at 9:30 a.m. ET

Today’s Close
This is a fair market value option that displays on the Exercise Grant Order Entry screen for an order to exercise stock options. This value means that your stock option plan uses the price for the stock as of the market close on the day your stock exercise order executes to calculate the:

Today’s Executed Transactions
The dollar amount of trades executed today. This value may include money movement into and out of the account. This amount combined with the amount Committed to Open Orders equal Buying Power Used or Cash Used.

Too Late to Cancel
An order status alert that indicates your attempt to cancel an open order was received too late, i.e., after the order was partially or completely executed.

Total Account Value
The total market value of all positions in the account, including Core Money Market, minus any outstanding debit balances and any amount required to cover short option positions that are in-the-money.

Total Annual Interest Income
The estimated annual interest payments received from all of the securities in a bond ladder, including existing positions.

Total Awards
The total number of Restricted Stock Awards per Award ID for each transaction being highlighted.

Total Balance

The total dollar amount of contributions to an Employee Stock Purchase Plan during a selected offering period. This amount is the sum of all your contributions and employer matching contributions, if any, for the period.
On the Stock Purchase Plan History screen, total balance is the sum of all total employee contributions and total company matching contributions for a specified offering period.

Total Balance for all Offering Periods

The total dollar value accumulated through payroll deductions during all offering periods in which you have participated in your Employee Stock Purchase Plan.
Or, the amount of cash that is currently held, but not yet invested in your Stock Purchase Plan.

Total Balances
A list of total contributions made through payroll deductions to an Employee Stock Purchase Plan. The list displays in the Summary of Active Offering Periods section of an Employee Stock Purchase Plan Summary screen, and shows one amount for each offering period which you participated.

Total Capital Gain Distributions
The sum of Total 28% Rate Capital Gains, Total Qualified 5-Year Gains, Total Unrecaptured Section 1250 Capital Gains, Total Section 1202 Capital Gains, and Total 20% Rate Capital Gains. This amount is shown on the Tax Information screen as Capital Gains Distribution.

On the Tax Information screen, this amount displays in the Capital Gains Distribution field.

Total Closing Market Value
The totaled cash value of all shares of all positions in this account.

The amount is calculated using the closing price and the number of shares in the positions.

Total Company Matching Contribution
The total dollar amount that the employer has contributed to an Employee Stock Purchase Plan for a selected offering period.

Total Company Matching Contribution Amount to Date
The dollar amount your company contributed to an Employee Stock Purchase Plan thus far in the current offering period as part of a matching funds program. This amount is displayed on the Estimate Purchase screen for the Plan and can be used to estimate the number of shares to be purchased during the offering period.

Total Cost
This is the total cost of exercising stock options that will be deducted from the proceeds when an order to exercise stock options executes. This is the total of the exercise cost, fees, commissions, plus the total amount of tax withheld, when applicable.

Total Cost Basis
The total cost basis or proceeds of all the shares in the position. Proceeds represent an amount received as the result of a short sale.

The amount is calculated using the quantity of shares and the cost basis per share.
On the Cost Basis screen, if this amount is not known, “Unknown” displays in the Total Cost Basis (Proceeds) column.

Total Cost Basis for Lot
The total dollar amount, including cost adjustments, paid for a lot in a position.

On the Update Cost Basis screen, enter a Total Cost Basis for Lot amount for each row of the form.

Total Cost of Ladder
This is total out of pocket cost, including accrued interest required to purchase the ladder that has been built. Any existing positions included in the ladder are not reflected in the cost.

Total Debt to Total Equity (MRQ)
In a Company Profile, this ratio is total debt for the most recent fiscal quarter (MRQ) by total shareholder equity for the same period.

Total Dividend Value
The total value of dividends received from your employer’s equity compensation program or restricted stock plan. This value is an accumulation of each dividend received to date.

Total Dollar Investment for Your Basket
The target total dollar amount that you want to invest in the basket. You must enter a minimum target amount of $2,000.

Total Employee Contribution
The dollar value of your contribution, through payroll deduction, to your employee stock purchase plan for an offering period.

Total Employee Contribution Amount to Date
The dollar amount you have contributed through payroll deductions to an employee stock purchase plan thus far in the current offering period as part of a matching funds program.

Total Employee Contribution Value
The dollar value of your contribution, through payroll deduction, to your Employee Stock Purchase Plan/Program in the corresponding offering period.

Total Employer Contribution Value
The dollar value of your employer’s contribution to your Stock Purchase Plan/Program in the corresponding offering period.

Total Equity
In a Company Profile, this is the sum of all the individual equity line items on the quarterly balance sheet.

Total ESPP Shares Purchased
The total number of shares acquired in single transaction during a selected offering period.

Total Income
The total income earned in the selected account for the selected tax year. This is the sum of Total Taxable Income and Total Nondividend and Tax-exempt Income.

Total Income Value
The value for an annuity had a payment been made on the date shown. The actual amount of the next income payment will depend upon the performance of the investment portfolios between now and the date of the next income payment. If the investment is the Fidelity Fixed Income or Guaranteed Account, this value does not apply.

Total Market Value
The current total balance of your Fidelity NetBenefits® account including balances that are and are not vested and any balances in BrokerageLink accounts.

For bond ladders, this value is an indication of the total value of all of the securities that you own that are included in the ladder. The number is calculated based on last evening’s close. This is an indication of the value based on where the securities had traded on the previous day, however it is not necessarily the value you would receive if you sold them.

Total Money Market Value
For Fidelity NetBenefits® accounts, this is the total balance of your NetBenefits account including balances that are and are not vested and any BrokerageLink accounts.


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Total Nondividend and Tax-Exempt Income
This refers to the sum of the selected account’s total nondividend distributions and tax-exempt income for the selected year.

Total Nondividend and Tax-Exempt Income
This refers to the sum of the selected account’s total nondividend distributions and tax-exempt income for the selected year.

Total Number or Issues
The number of rungs or bond issues that make up the ladder. I.e., if you want to have five different bonds in the ladder the number of issues is 5.

Total Number of Positions
For an account or annuity, this is the total number of positions held as of the date displayed.

For example, if the securities held in a brokerage account included two mutual funds and one stock, the total number of positions would be three.
For a College Savings Plan account, this is the number of active units of a portfolio (e.g., Unique Portfolio 2015, DE Portfolio 2018) currently held in the account.

Total Number of Rungs
The number of rungs which the Bond Ladder tool defaults to is determined by the number of years in the ladder and the minimum desired credit rating for bonds in the ladder. Longer-dated, riskier ladders default to a higher number of rungs. Also see: Central Rung Months.

Total Options
The number of stock options, including options that are vested and unvested, that you hold. This is the number of options you were granted less the number of options previously exercised and any stock options that may have been canceled.

Total Options Outstanding
The number of stock options, including options that are vested and unvested, that you hold. This is the number of options you were granted less the number of options previously exercised and any stock options that may have been canceled.

Total Par Value
Total par or face value of all of the securities, which make up the ladder. This includes any existing positions that may be included in the ladder.

Total Portfolio Net Worth
The total value (total assets minus total liabilities) for all of your accounts, as of the dates displayed on the screen.

The net worth total consists of:


Note: A BrokerageLink account is counted as only one of the positions in the total number regardless of how many positions are held within the BrokerageLink account itself.

Total Returns
Return on an investment, taking into account capital appreciation, dividends, or interest, and individual tax considerations adjusted for present value and expressed on an annual basis.

Total Rights
The number of stock appreciation rights that you hold, including rights that are vested and unvested. The total rights are equivalent to the number of rights you were granted, less the number of rights previously exercised and any stock appreciation rights that may have expired or been canceled.

Total Section 1202 Capital Gains
The total amount of gain on the sale or exchange of qualified small business stock that may be eligible for a 50%-exclusion.

Totals for All Grants
The total quantity and value of restricted stock awards or restricted stock units that have been accepted but not yet vested, per participant.

Total Shares
The number of shares in a position. This includes units for securities that have not settled as of the date and time displayed.

Total Shares in Order
This shows the total number of shares for an order. This field displays on the Tax Lots Choose Specific Shares and Tax Lots Specified Lot Detail screens.

Total Specified Shares
This shows the total number of tax lot shares you have chosen and that will be traded when the order executes. This field displays on the Tax Lots Choose Specific Shares and Tax Lots Specified Lot Detail screens.

Total Taxable Income
The total taxable income for the selected account for the selected tax year. This amount is the sum of cash interest and dividends from foreign and domestic securities and dividend, and capital gain distributions from money market, bond, and equity funds.

Total Tax-Exempt Income
The sum of interest from municipal bonds and distributions from mutual funds that qualify as exempt interest dividends and are generally not taxable for regular federal income tax purposes. This figure is labeled as Tax-Exempt Income on the Tax Information screen.


All or a portion of total tax-exempt income  (reported as Specified Private Activity Bond Interest) must be taken into account in computing the federal alternative minimum tax applicable to individuals and may be subject to state and local taxes. Fidelity reports this information to the IRS, and may be required to report the information to California or other state tax authorities.

Total Tax Withholding
Estimated taxes that would be withheld on your award at vesting based on the data provided by your employer and the prior night’s value of your grant.

Total Transaction Amount
The total value of a transaction listed on the account or annuity History screen.

This total does not include any commissions or fees that may be associated with a transaction.

Total Unspecified Shares
This field displays the total number of shares for which you have not selected tax lot shares to sell. This is the difference between the total number of shares for the order and the total number of specific tax lot shares you have selected and that will be sold when the order executes.

Note that while you can place the order even if there are unspecified shares, the unspecified shares are sold on a First in/First out (FIFO) basis.

Total Unvested Awards
The total number of restricted stock awards that you have accepted but which have not yet vested.

Total Value
This is one of the following:


  • For an annuity, this is the number of units owned times the value per unit for the selected investment option.
    This value does not include any pending transactions for an annuity.

  • For a College Savings Plan account, this is the number of units of a portfolio (e.g., Unique Portfolio 2015, DE Portfolio 2018) owned times the price per unit.

  • For a performance award, this is the sum of the pending achievement value and the achieved pending payment value.

Total Value of Exercisable Options
The total estimated value of your vested and exercisable stock options. This value is calculated using the previous business day’s closing price minus the grant price, multiplied by the total options exercisable, or zero, whichever is greater. The actual value at exercise may vary.

Total Value of Exercisable Rights
The total estimated value of your stock appreciation rights. This value is calculated using the previous business day’s closing price minus the grant price, multiplied by the total rights, exercisable rights, or zero, whichever is greater. The actual value at exercise may vary.

Total Value of Options
The total estimated value of your stock option grants. This value is calculated using the previous business day’s closing price minus the grant price, multiplied by the total options, exercisable options, or zero, whichever is greater. The actual value at exercise may vary.

Total Value of Rights
The total estimated value of your stock appreciation rights. This value is calculated using the previous business day’s closing price minus the grant price, multiplied by the total rights, exercisable rights, or zero, whichever is greater. The actual value at exercise may vary.

Total Value of Unvested Awards
The estimated value of all of your total unvested awards. This figure is calculated by multiplying the previous business day’s closing price of the stock by the number of unvested awards.

TRACE Eligibility
Identifies whether security is TRACE eligible or not. Eligible securities are determined by the FINRA and transactions in these securities are reported to the FINRA TRACE reporting engine by Fidelity.

Tranche Type
A class of bonds in a REMIC or CMO offering which shares the same characteristics. “Tranche” is the French word for “slice.”

Trade Amount
The total estimated amount you will pay for a purchase or receive for a sale less any commission and fees.

Trade Date
The date on which your order is executed. If you submit an order after standard market hours, you order will be eligible for execution on the next business day.

Trade Duration (Days)
The number of days an option trade is active. It is the total numberof days from the initial opening transaction until expiration day.

Trades with Unknown Cost Basis
Security sales for which the original cost of the security is not known. Because the original cost is not known, it is unknown whether the sale has resulted in a gain or a loss.

Trade Symbol
Refer to Symbol.

Trade Type
A required instruction on brokerage orders that specifies the account type in which the trade settles. Commonly acceptable values include Cash, Margin, and Short.

Trade Value
The value of the stocks when traded.

Trading Fee
A fee you pay when you redeem, or sell, your shares. Not all funds charge trading fees.

Trading Float
In a Company Profile, this is the number of freely traded shares in the hands of the public. Float is calculated as shares outstanding minus shares owned by insiders, 5% owners, and rule 144 shares.

Trail Amount
An amount, entered as a dollar or percent, which incrementally adjusts the trigger price of a Trailing Stop order with favorable market movement on the security.

Dollar trail amounts cannot exceed two decimal places.
Percentage trail amounts can only be entered as whole percentages and can be a minimum of 1% and a maximum of 30% away from the current price.
Equity Trailing Stop orders can be set with a percentage (%) or dollar ($) trail value. Option Trailing Stop orders can only be set with a ($) trail value.

Trailing Stop Limit
Trailing stop limit orders work just like trailing stop loss orders, except that the order becomes a limit order (instead of a market order) when the order is triggered. The limit price is the last stop price set before the order was triggered. The primary benefit of trailing stop orders is that when a customer establishes a trail amount on the security, the stop price adjusts with positive market activity. Trailing stop limit orders are available on Listed equities, OTC securities and single-leg options.

Trailing Stop Loss
A trailing stop loss order is a stop loss order that adjusts in price with favorable market movement on the security. Trailing stop loss orders follow the same trading principles and mechanics commonly associated with stop loss orders. The primary benefit of trailing stop orders is that when a customer establishes a trail amount on the security, the stop price adjusts with positive market activity.

For a trailing stop loss order to sell, the stop price moves up as the price of the security moves up. For a trailing stop loss order to buy, the stop price moves down as the price of the security moves down. If the price of the security is moving against the customer’s order, the stop price does not adjust.
For example, you enter a trailing stop loss order to sell a listed security, with a trail amount of $1.00. The security’s last trade is 50. Your starting stop price is 49, based on the $1 trail amount. If the price of the security moves to 50.05, the stop price moves to 49.05. The stop price always stays $1 away from the last trade with positive movement. If the price of the security drops back to 50, your stop price stays at 49.05. If the security continues to drop and trades at 49.05 or lower, a market sell order is triggered.
Trailing stop loss orders are available on Listed equities, OTC securities and single-leg options.

Trailing Stop Order
A trailing stop loss or trailing stop limit order.

Transaction Amount
The total amount of a transaction that is listed in account history. This amount includes the amount for the shares bought or sold and commission.

Transaction Details
The details of an account or annuity transaction. This information is listed on the account or annuity History screen.

Transaction History for Offering Period
A set of summary information that displays on the History screen of a Stock Purchase Plan. The information includes the date, transaction type, and amount of all activity during the offering period of the indicated date. A transaction history is displayed for each offering period in which you have been enrolled.

Transaction Type
A description of an activity that takes place in an account. The transaction types that may take place in an account are determined by the type of account.

For annuities, this is the type of account or annuity transaction (e.g., Buy, Sell, etc. for an account or Exchange, Withdrawal, etc. for an annuity). This information is listed on account or annuity History screen.
For an Employee Stock Purchase Plan, a description of a plan activity (e.g., Contribution, Withdrawal, etc.). This information is listed by offering period on the History screen.
For a Restricted Stock Award, a description of a plan activity (e.g., Award Accepted, Award Declined, 83(b) Accepted, 83(b) Declined, Awards Vested).

Transfer
This is a field on the Fidelity Electronic Funds Transfer screen. In this field, the financial institutions from and to which you are transferring money using Electronic Funds Transfer display. You can transfer between your eligible Fidelity accounts and bank accounts after you have added Electronic Funds Transfer to your Fidelity account.

Transfer Availability Date
According to your company’s stock plan rules, the date on which your grants may be eligible for transfer.

Transfer Later
A field on the Fidelity Electronic Funds Transfer set up screen. When you are setting up the Electronic Funds Transfer service, select this option to transfer money between your bank checking account and your Fidelity account at a later date.

Transfer Now
A field on the Fidelity Electronic Funds Transfer set up screen. When you are setting up the Electronic Funds Transfer service, select this option to transfer money from your bank checking account to your Fidelity account now.

Transfer Range
This is the dollar range that you might commonly request to transfer between your bank account and your Fidelity account using Fidelity Electronic Funds Transfer. This range is used for a one-time authentication only and does not initiate a transfer.

Treasuries
Debt obligations of the U.S. Government that are issued at various intervals and with various maturities.

The government uses the revenue from the bonds to raise capital and/or refund outstanding debt. Since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free of credit risk and typically carry lower yields than other securities.
The coupon interest on treasuries is exempt from state and local tax, but is federally taxable. Also, the interest may be subject to Federal Alternative Minimum Tax.
This includes:

Treasury Auctions
This refers to the initial sale, and reopenings, of U.S. debt obligations, new issue offerings, offered and purchased directly from the U.S. government at a face value set during the auction. These securities are auctioned in a single-priced, Dutch auction process. See Reopenings—Treasury Issues.

The auction frequency varies by the type of security.


  • Treasury Bills with one-month (30 day), three-month (90 day) and six-month (180 day) maturities are auctioned weekly.

  • Treasury Notes with two and five-year maturities are auctioned monthly. Notes with three-year maturities are auctioned quarterly in February, May, August and November.

  • Treasury Bonds with 10- year maturities are auctioned quarterly in February, May, August and November. The auction of 30-year maturities was suspended in 2001 but will resume in February 2006. The 30-year Bond auctions will be held semi-annually in February and August.

  • Treasury Inflation Protected Securities (TIPS) are issued in 5, 10 and 20-year maturities. The auctions are held on a quarterly basis in January, April, July and October.

Treasury Benchmark
The Treasury benchmark is selected as the Treasury bond with a maturity date closest to the bond you are studying. The Treasury benchmarks exclude zero coupon bonds and Treasury Bills.

Treasury Bills
Short-term debt obligations of the U.S. Government with maturities up to one year. Since coupon interest is accrued, but not paid until maturity, T-bills are sold at a discount to face value.

Coupon interest for T-bills is exempt from state and local taxes, but is federally taxable. Interest income may also be subject to alternative minimum tax.

 

Treasury Bonds
Debt obligations of the U.S. Government with maturities of 10 years or longer.

Coupon interest for Treasury bonds is exempt from state and local taxes, but is federally taxable. Interest income may also be subject to alternative minimum tax.

 

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

A zero coupon bond “manufactured” from zero-coupon 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
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.

 

Treasury Inflation Protected Securities (TIPS)
A type of Treasury note that adjusts for inflation by providing the investor with “inflation compensation” in addition to the stated coupon. The inflation component, affecting the bond’s principal, is calculated based on the Consumer Price Index (CPI), adjusting it upwards for inflation or downwards for deflation. The adjustment to the principal impacts semi-annual interest paid and the principal returned to the bond holder when the bond matures.

As with all bonds, the interest payments are calculated on the basis of the principal. Since the TIPS’ principal adjusts every six months based on changes in the CPI, the amount of the semi-annual coupon paid varies as well. At maturity, the TIPS pays the greater of the adjusted principal or the original principal. This provision protects the investor from the loss of any principal in the event of a sustained period of deflation.
Investors in TIPS sacrifice some yield as a trade-off for the inflation protection. The inflation adjustment is federally taxable on an annual basis, although not paid out until maturity.

 

Treasury Notes
Debt obligations of the US Government with intermediate maturities of one to 10 years.

Coupon interest for Treasury notes is exempt from state and local taxes, but is federally taxable. Interest income may also be subject to alternative minimum tax.

 

Trigger
An outside event, like the achievement of a stock price or index level, that initiates the execution of a contingent order.

 

Trigger Price
The tick price that triggered a trailing stop order to be released to the marketplace. For listed securities the trigger price is based on the last trade for the security. For OTC securities the trigger price is based on the bid for a trailing stop order to sell, and the ask for a trailing stop order to buy. If a bid or ask is not available the trigger will look to the last trade price.

The trigger price may or may not be the same as the order’s stop price when the order is triggered. For instance, the stop price for a trailing stop loss order to sell is currently set at $55. The listed security’s price starts to fall toward $55. When the security’s tick price drops to $55 or below, the order is triggered. The trigger price equals the security’s price at the tick when the order was triggered, rather than the stop price. In this example, therefore, the trigger price could be $54.75, while the stop price is $55.

 

Trigger Type
Price change options for setting a price trigger alert. When a price trigger alert condition is met, an alert is sent to the device you specify. Trigger types include:


  • Price rises above ($)

  • Price falls below ($)

  • Price increases by (%)

  • Price decreases by (%)

  • Moving Average

  • 52 week high/low


 

 

TrustWeb
The Web site that displays the account history and holdings of your Personal Trust accounts.

 

Turnover Rate
A measure of the fund’s trading activity calculated by dividing total purchases or sales of portfolio securities (whichever is lower) by the fund’s net assets.

 

12-Month Target Price
In an S&P Options Report, this value is the S&P equity analyst’s projection of the market price a given security will command 12 months hence, based on a combination of intrinsic, relative, and private market valuation metrics.

 

28% Rate Capital Gains
The total amount of long-term capital gains that result from the sale of a commodity or collectible distributed by a mutual fund, subject to a maximum federal income tax rate of 28%.

 

200-Day Moving Average
The average closing price of the stock over the last 200 trading days. Moving averages can be used to gauge the direction of price movement in a stock.

 

Type
Designates the status of an account position, a type of bond, or the type of news to display. The account position status types are Cash, Margin, Short, Legal, and When Issued.

On the Fixed Income Search Inventory screens, Type refers to bond type (e.g., Treasury, Municipal, Corporate). When searching for US Treasuries, to include Treasury bills, notes, bonds, and zero-coupons in the search results, you can select sub-types, like Bills, Notes, Bonds, Zero-Coupons or All.
For Corporate and Fixed Rate Capital Securities bond types:


  • Senior securities for which the security holder may request repayment and the issuer must remit payment before doing so for other obligations in the event the corporation goes out of business.

  • Convertible securities that may be exchanged for a fixed number of another type of security (usually common stock) at a pre-stated price.


For Municipal bond types:

  • Revenue a municipal bond that is issued to fund particular public works projects and that is backed solely by the revenues (e.g., tolls from bridge construction) that are collected as a result of the project.

  • General Obligation a municipal bond that is backed by the full faith, credit, and taxing power of the issuer for payment of interest and principal.

 

Typical Transfer Amount
This is a field on the Electronic Funds Transfer: Electronic Funds Transfer Setup screen. In this field, estimate and enter a dollar range that you may commonly use when transferring funds using the Fidelity Electronic Funds Transfer service.

This amount is used for one-time online account authentication only and does not initiate a transfer between your Fidelity and bank accounts or set up a default Electronic Funds Transfer amount.

 
 
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