Jeffrey Friedl’s Blog » Blog Archive » “Word Power”: Financial Parlance

October 27th, 2005 9:54pm JST (2 years, 8 months ago)

Cumulative Reader's Digest “Word Power” posts:
(in reverse order of posting)

7.	Science Words
6.	Jon Stewart / The Daily Show
5.	Summer (“dog” and “can” words)
4.	Culinary Words
3.	Financial Parlance
2.	Scholastic Aptitude Test
1.	George Washington Inaugural Address

Here's another Reader's Digest “Word Power”, this time from April 2004. It features words from the financial industry, including many everyday words with special meaning when used as financial lingo.

As always, I missed the “exceptional” level, this time by just one question. Considering that I worked for Yahoo! Finance for eight years, I really have no excuse for not getting them all.

How will you do?

Choose which of the four possible selections best represents the meaning of the word

1.	zombie n.	inept stockbroker. insolvent company. little-traded security. write-off.
2.	default v.	to fail to pay on time. foreclose. engage in short-selling. forgive a loan.
3.	insider n. a person who:	reports illegal practices. has privileged information. predicts market changes. gossips.
4.	teenie n.	penny stock. undervalued fund. inexperienced trader. ¹/16 of a point.
5.	fiduciary n. one who:	holds assets for another. gives financial advice. keeps stocks long-term. offers credit.
6.	contrarian adj. an investment style that is:	deceptive. not profitable. cautious. against market trends.
7.	prospectus n.	positive outlook. banking agreement. profit-and-loss statement. formal business document.
8.	syndicate n.	financial consortium. banking agreement. oil cartel. underwriter.
9.	bellwether n.	omen of a bear market. name of the opening bell on the NYSE. indicator of trends. blue-chip stock.
10.	annuity n.	canceled loan. investment instrument. insurance policy. secret partner.
11.	hedge v. to invest in order to:	reduce risk. exclude certain industries. seem contrarian. support “green” causes.
12.	shelter v.	to launder money. reduce taxes. trick investors. protect assets.
13.	arbitrage n.	portfolio diversification. earnings projection. illegal trading. simultaneous buying and selling.
14.	margin n.	use of borrowed funds to buy securities. profit. difference between opening/closing price. loss.
15.	OTC adj. of:	small transactions. unlisted stocks. P/E ratios. brokers' licenses.

Followups and related posts:

September

15th,

2005

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Comments so far....

I got 3 wrong, bellwether, shelter & zombie. I guess i only deserved to be in y! finance for 4 years.

— comment by Ravi Dronamraju on October 28th, 2005 at 12:27pm JST (2 years, 8 months ago) — comment permalink

I can’t believe I only got one wrong (annuity) on a subject I suck so mightily at.

— comment by nils on October 29th, 2005 at 11:20pm JST (2 years, 8 months ago) — comment permalink

Hehe — 14/15. I missed shelter. But I will admit there were a few others in there that I had to um…”guess” (guess I got lucky).

— comment by Papa on November 4th, 2005 at 8:32am JST (2 years, 8 months ago) — comment permalink

go to msngames.com R.D. word power is now in game form

— comment by memo on December 15th, 2005 at 6:02am JST (2 years, 6 months ago) — comment permalink