Glossary

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There are currently 3 names in this directory beginning with the letter O.
Open-End Fund
An open-end fund is a diversified portfolio of pooled investor money that can issue an unlimited number of shares. The fund sponsor sells shares directly to investors and redeems them as well. These shares are priced daily based on their current net asset value (NAV).

Option
An option is a financial instrument that offers you the right – but not the obligation – to buy or sell an asset when its price moves beyond a certain price within a set time period.

OTC Market
Over-the-counter (OTC) is the process of trading securities via a broker-dealer network as opposed to on a centralized exchange like the New York Stock Exchange. Over-the-counter (OTC) securities are traded without being listed on an exchange.

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