1. Finance- the art and science of managing money.

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Financial services is the area of finance concerned with the design and delivery of advice and financial products to individuals, business and government. Managerial finance is concerned with the duties of the financial manager in the business firm. Earnings per share- amount earned during the period on behalf of each outstanding share of common stock, calculated by dividing the periods total earnings available for the firms common stockholders by the number of shares of common stock outstanding. 'Market Capitalization': The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures. Stakeholders: groups such as employees, customers, suppliers, creditors, owners, and others who have a direct economic link to the firm. Stockholders: the owners of a corporation, whose ownership, or equity, is evidenced by either common stock or preferred stock. Financial institutions: an intermediary that channels the savings of individuals, businesses, and governments into loans or investments.

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Financial markets: forums in which suppliers of funds and demanders of funds can transact business directly. 10. Public offering: the nonexclusive sale of either bonds or stocks to the general public.
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Primary market: financial market in which securities are initially issued; the only market in which the issuer is directly involved in the transaction.

12. Secondary market: financial market in which pre owned securities (those that are not new issues) are traded. 13. Money market: a financial relationship created between suppliers and demanders of short term funds. 14. Marketable securities: short term debt instruments such as treasury bills, commercial paper, and negotiable certificates of deposit issued by government, business, and financial institutions respectively. 15. Capital market: a market that enables suppliers and demanders of long term funds to make transactions.
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Bond: long term debt instrument used by business and government to raise large sums of money, generally from a diverse group of lenders.

17. Common stock / equity share are units of ownership, or equity, in a corporation.

18. Preferred stock is a special form of ownership having a fixed periodic dividend that must be paid prior to payment of any dividends to common stockholders. 19. Organized securities exchanges: tangible organizations that act as secondary markets where outstanding securities are resold. 20. Over the counter exchange: an intangible market for the purchase and sale of securities not listed by the organized securities. 21. Average tax rate: a firms taxes divided by its taxable income
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Marginal tax rate: the rate at which additional income is taxe