Mark E. Berch: Riskless or risk-free asset

Paid up
When all payments that are due have been made.

Tax holiday
A reduced tax rate that a government provides as an inducement to foreign direct investment.

Mark E. Berch: Riskless or risk-free asset
An asset whose future return is known today with certainty. The risk-free asset is commonly defined as short-termobligations of the US government.

Reclamation
A claim for the right to return or the right to demand the return of a security that has been previously accepted as a result of bad delivery or other irregularities in the delivery and settlement process.

Mark Berch:Guarantor program
Under the Freddie Mac program, the aggregation by a single issuer (usually an S&L) for the purpose of forming a qualifying pool to be issued as PCs under the Freddie Macguarantee.

BD form
An SEC document required of brokerage houses that outlines the firm's finances and officers.

Ask
This is the quoted ask, or the lowest price an investor will accept to sell a stock. Practically speaking, this is the quoted offer at which an investor can buyshares of stock; also called the offer price. Mark Berch

Underpricing
Issuingsecurities at less than their market value.