Mark Berch:Temporary Assets

Residential mortgage
Mortgage on a residential property, tax-deductible for individuals up to $1 million.

Call option
An optioncontract that gives its holder the right (but not the obligation) to purchase a specified number of shares of the underlyingstock at the given strike price, on or before the expiration date of the contract.

Gross profit margin
Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold.

Mark Berch:Temporary Assets
That portion of a firm'scurrent assets that fluctuates in response to seasonal or anticipated short-term.

Uniform practice code
Standards of the NASD prescribing procedures for handling over-the-countersecuritiestransactions, such as delivery, settlement date, and ex-dividend date.

Far month
Used in the context of option or futures to refer to the trading month of the contract that is farthest away. Antithesis of nearest month. Mark Berch

Wallpaper
A security with no monetary value.