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.