Financial Dictionary - Mark E. Berch:



Sit tight
Directive from the trader to the customer to be patient, emphasizing that one's piece of business will be executed.

Bear CD
A bear CD pays the holder a fraction of any fall in a given market index.

Mark Berch: Skort-Swing Transaction
Any purchase and sale, or sale and purchase, of the issuer's equitysecurities by an insider within a period of less than six months, See: Section 16(b) above.

Distributions
Payments from fund or corporate cash flow. May include dividends from earnings, capital gains from sale of portfolio holdings and return of capital. Fund distributions can be made by check or by investing in additional shares. Funds are required to distribute realized capital gains (if any) to shareholders at least once per year if they are not to be taxed by the fund itself. Some corporations offer Dividend Reinvestment Plans (DRP).

Mark Berch:Favorable trade balance
Condition that total exports of a nation exceed total imports, creating a net export.

Bear trap
The predicament facing short sellers when a bear market reverses its trend and becomes bullish. The assets continue to sell in anticipation of further declines in price, and short sellers then are forced to cover at higher prices.

Wraparound mortgage
A second mortgage that leaves the original mortgage in force. The wraparound mortgage is held by the lending institution as security for the total mortgage debt. The borrower makes payments on both loans to the wraparound lender, which in turn makes payments on the original senior mortgage. Mark E. Berch

Articles of incorporation
Legal document establishing a corporation and its structure and purpose.