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.

Illegal financial activity that is set to manipulate the markets and sums up to under-the-table payments that is masked as a purchase of securities from one company to another is referred to as pairing off. Short and long positions are bought and sold fictitiously and the transaction are settled in cash. Securities are never delivered so the trade never really occurs.

Man-in-the-middle fraud is a crime where a third party that was not a part of the initial plan gets access to the sensitive data which are being stolen. This can usually happen if the said data is being transferred through the unsecured internet connection that can be easily used by the third party.

Cage is a slang term which is used in broker companies to describe the offices of the employees who receive and distribute physical securities. The name comes from the fact that such people hold the said securities in a cage in their office in order to ensure their safety.