- ultra-short bond funds.
Mutual funds that generally invest in fixed income securities with extremely short maturities or time periods in which they become due for payment.
- unearned income.
Income other than earned income. This is investment-type income and includes interest, dividends and capital gains. Distributions of interest, dividends, capital gains and other unearned income from a trust are also unearned income to a beneficiary of the trust.
- value fund.
A mutual fund that invests in companies whose assets are considered undervalued, or in companies that have turnaround opportunities, such as those with lower P/E ratios.
The magnitude and frequency of change in securities' values. The more volatile an investment, the higher its risk and return potential.
A legally binding document directing the disposition of one’s property. A will is not operative until death and can be revoked up to the time of death, or until there is a loss of mental capacity to make decisions regarding a will.
- Wilshire 5000 Index.
A stock performance measurement created by Wilshire Associates, Inc. It measures the performance of all U.S.-headquartered equity securities with readily available price data.
X - Y
- zero-coupon bonds.
Bonds that do not pay interest until maturity. They are sold at a discount from their face value, and their value increases as they near maturity. An investor’s return comes from the appreciation. There are three types of zero-coupon bonds: corporate, municipal and Treasury. Also known as zeros.