Mark Berch:Pennant

Equity-linked policies
Related: Variable life

Commodity indices
Indices measuring the price and performance of physical commodities, often by the price of futures contracts for the commodities that are listed on commodityexchanges.

Interest deduction
An interest expense, such as interest on a margin account, that is allowed as a deduction for tax purposes.

Mark Berch:Gross estate
The total value of a person's property and assets before accounting for debts, taxes, and liabilities.

Forward contract
A contract that specifies the price and quantity of an asset to be delivered on in the future. Forward contracts are not standardized and are not traded on organized exchanges.

Fuzzy Logic
A system which mathematically models complex relationships which are usually handled in a vague manner by language. Under the title of "Fuzzy Logic" falls formal fuzzy logic (a multi-valued form of logic), and fuzzy sets. Fuzzy sets measure the similarity between an object and a group of objects. A member of a fuzzy set can belong to both the set, and its compliment. Fuzzy sets can more closely approximate human reasoning than traditional "crisp" sets. Mark Berch

Long
One who has bought a contract to establish a marketposition and who has not yet closed out this position through an offsettingsale; the opposite of short.