Dictionary
- Implied Volatility
- A measurement based on the premiums of market traded options of the expected price range of the underlying commodity.
- Income Beneficiary
- An individual designated to receive distributions of trust income.
- Income Statement
- A financial statement that shows revenue, expenses and profit during a given accounting period.
- Index
- A benchmark against which financial or economic performance is measured. For example, the S&P 500 or CPI.
- Index Fund
- A mutual fund that seeks to passively match the performance of some market index, such as S&P 500.