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.
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.