Simply put, silver standard is a monetary arrangement where national currency can be converted into a certain amount of silver. With this system exchange rate is basically the difference between the amount of silver behind each of the currency. It was popular pre-20^th century.

Gain is an increase in value of the asset. Gains can occur when the initial selling price is higher than the purchasing one. Gross gain in its turn is refers to the positive difference between the sale price and the purchase price.

Financial advisor is a hired person who can provide financial guidance for virtually a member of any society and any profession. The can advise on retirement questions, financial possibilities and products as well as real estate and savings management.

Liquidating of the dividends is a process that is initiated by the company towards its shareholders and investors during the shutdown of the company. These are monetary distribution which are primarily taken from the base fund of the company. These monetary gains are usually not taxed as they are accounted as return of the capital.

Outsourcing is the practice for the big and medium businesses to hire working power outside of the country of originating of the business, despite it still being registered there. It is usually done with the intentions to cut costs.

Volatility swap is a forward contract with payments basing on realized volatility. The cash in such cases is settled based on the difference between the realized volatility and volatility strike.

Adverse selection is a situation when either seller or a buyer has a piece of information that the other party doesn’t have. The information in this case usually refers to the quality of the product in question.

Outside broker can refer to several things:

1. Broker who deals outside of the major exchange and deals with major securities.

2. A broker who deals with securities which aren’t traded in the exchange where he works.

Caveat is a term that loosely translates from Latin as ‘let them beware’. It is mostly used in real estate in two forms - caveat emptor and caveat venditor which means ‘let the buyer beware’ and ’let the seller beware’ respectively.

Mark-to-management is valuation, assigned to the assets or securities of the company by the management of the said company. It is a practice widely used in the times of financial crisis, when market price-assignments is threatening to the securities as it can wipe millions of dollars if left alone.

Naked position is the position of long or short security that is sheltered from the market risks. Is means that the risk of the profit or failure is much greater than that of the hedged security.

Overwriting is one of the most intricate transactions in the market as it involves selling or buying options which are thought to be overpriced and, as a result the transaction is not believed to be possible to exercise. The practice is used to collect premium securities.

Zakat is a mandatory for all the Muslims practice that involves investing part of their income in an obligation which is further donated in some kind of charity.

Yuppie is a derogative term used to describe a segment of the market, dominated by young urban professionals. The main feature of such a professional are youth, affluence and success in the field. The like to show off and are often the bud of the jokes for older traders.

Haircut is a term that refers to the difference in prices at which a market maker can purchase and sell a security. The name of the term comes from the fact that traders can execute trades on a very thin spread.

Having an absolute interest means to be of full ownership and of full control as well as hold all of the right to an asset. It can be held on real estate. Jewelry, various business or an investment. The main feature of the absolute interest is the fact that no third party can claim the right to the asset and profits it may bring.

A managed account is a trading account that is not managed by a trader themselves, but by a hired financial professional or money manager. For the account holder it means that his portfolio is cut out just for their needs without so many possibilities for a mistake.

Joint bond occurs when 2 or more partners give guarantees for interest and principal. In case of default those, holding the bonds have the right to claim any of the assets of the issuing institution. Joint bond reduces risks and borrowing cost.

Tapering is a series of actions which are taken by the central bank in order to try and fix the economy of just improve the overall performance of such. When the officials lose faith in excess stimulus, they usually agree to tampering.

Hard dollar is a cash payment made by an investor or a customer to a brokerage firm for their services. Regularly the total amount of payment is set and known to both of the sides before the deal even occurs.