Glossary

Asset:

Type of security usually defined as cash, equities, bonds, mortgages, or other intangible investment resources.

Available Balance:

The available balance reflects funds in your account available for immediate use. Your available balance is your balance as of the previous business day's processing, plus or minus any pending transactions, direct deposits that have not posted, or Bank holds (i.e. Deposited funds being held for verification).

Available Revolving Credit Line:

The amount of credit that you are permitted to pay over time that remains available as of the statement date.

Balance:

The balance as of the previous business day reflects all funds in your account, including deposits, withdrawals and other transactions that were posted to your account through the previous business day.

Bond:

A debt security that bears interest and promises repayment. A bond is issued under an indenture that specifies the issuer's obligation to the bondholder and the manner in which the debt is secured.

Bond Fund:

Mutual fund that invests in several bonds.

Capital Gain:

Positive difference between the sale price and cost basis of an asset.

Common Stock:

Securities that represent ownership in a corporation; the one type of security that must be issued in a corporation. The two most important common stockholder rights are the voting right and the dividend right. Common stockholder claims on corporate assets are subordinate to those of bondholders, preferred stockholders, and general creditors.

Cost Basis:

The total price at which an asset was purchased.

CUSIP:

A number assigned through the numbering system used to identify specific securities and their issuers. The CUSIP number appears on the certificate and in documents relating to securities processing. CUSIP stands for the committee that originally devised the numbering system, the Committee on Uniform Securities Identification Procedures.

Diversification:

The principle that one should invest in several different issues to spread risk and to avoid major losses if one issue performs poorly.

Equity:

Value of the stockholders' ownership of a corporation, equaling the difference between the company's total assets and its total liabilities. Equity includes preferred stock, common stock, retained earnings, and other surplus reserves.

Equity Fund:

Mutual fund that invests in several stocks.

Estimated Annual Income:

An estimation of the income to be received from the appreciation of an investment portfolio; an estimation of annualized earnings per share for equities or annualized interest income for fixed income securities.

Fixed Income:

A security that pays a specific interest rate, such as a bond, money market instrument, or preferred stock.

Holdings:

The particular securities that are owned by an investment portfolio.

Last Statement Balance:

The outstanding balance due on the account on the date of your last statement.

Loss:

Negative difference between the sale price and cost basis of an asset.

Margin:

Value of borrowed money to purchase securities.

Market Price:

The price at which buyers and sellers trade similar items in an open marketplace. The current market price of a security is indicated by the latest trade recorded.

Market Value:

The value of a security on the current date. This may mean the value of the last recorded sale on this present date, the value at market close of the previous business day, or the closing value at the date of the report in which market value is shown.

Market Yield:

Rate of interest earned by an asset.

Money Market Investments:

An asset that invests in short-term investments of 30 days or less.

Mutual Funds:

Open-ended funds operated by an investment company that raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Benefits include diversification and professional money management.

Options:

The right, but not the obligation, to buy or sell a specific amount of a given stock, commodity, currency, index, or debt, at a specified price during a specified period of time.

Other:

Reflects items that affect your available balance including deposited funds being held and Bank holds.

Par Value:

The dollar amount of an investor's loan to issuer and the amount that is repaid at maturity.

Pending Transactions:

Reflects transactions have been authorized but have not yet posted to your account. Examples of pending transactions include:

• Debit Card Authorizations
• Deposits and Withdrawals at ATMs
• Transactions Performed at a Banking Center
• Internet Banking Transfers and Bill Payments
• Jeanie^®Telephone Banking Transactions
• Incoming and Outgoing Wire Transfers

Portfolio:

A collection of securities owned by one organization or individual and managed as a collective whole with specific investment goals in mind.

Posted Transactions:

Represent deposits, withdrawals and other transactions that have been posted to your account through the previous business day.

Preferred Stock:

One of two major types of equity securities. Preferred stock receives dividends before common stock, the rate of which is fixed at the time of issuance. If a corporation is liquidated, preferred stockholders are given preference to the company's assets ahead of common stockholders.

Short Term Investments:

A security that has a maturity of less than one year.

Ticker:

Letter combination that distinguishes an asset on a national exchange.

Total Borrowing Power:

Total dollar amount that investors can buy securities on margin.

Total Purchasing Power:

Combined total of the cash balance and the total borrowing power of an investor.

Total Revolving Credit Line:

The total amount of credit that you are permitted to pay over time.

Unit Investment Trust:

An SEC-registered investment company that purchases a fixed, unmanaged portfolio of income-producing securities and then sells shares in the trust to investors.

Unrealized Gain/Loss:

The increase or decrease in market value over the cost basis for unsold securities.

Yield:

A return on an investor's capital investment. For bonds, the coupon rate of interest divided by the purchase price, redemption value, and the amount of time remaining until maturity.