Mark Berch:Vertical spread

Annuity starting date
The date when an annuitant starts receiving payments from an annuity.

World Trade Organization (WTO)
A multilateral agency that administers world trade agreements, fosters trade relations among nations, and solves trade disputes among member countries.

Foreign direct investment (FDI)
The acquisition abroad of physical assets such as plant and equipment, with operating control residing in the parent corporation.

Mark Berch:Vertical spread
Simultaneous purchase and sale of two options that differ only in their exercise price. See: Horizontal spread.

Exploding term sheet
Venture capital jargon. Often a proposed term sheet might explode or be null and void in a fixed period set to negotiate the final contract.

Bank Letter of Credit Policy
Standards allowing banks to confirm letters of credit by foreign banks supporting the purchase of US exports. Mark Berch

Go along
Used for listed equity securities. Buy or sell at prices that randomly occur on the floor, participating in what trades the specialist and other players will allow.