Business / Taxes / Exchange Traded Notes: Exchange traded notes (ETNs) are debt securities issued by a financial institution, listed on a stock exchange, and traded in the secondary market. Unlike regular bonds, there are no periodic interest payments, and your principal isn’t protected. So you could lose some or all of the amount you invest. You can sell your ETN in the secondary market at its current price or hold it until maturity, though that may be 30 years in the future. The price in the secondary market is determined by supply and demand, the current performance of the index, and the credit rating of the ETN issuer. At maturity, the issuer pays a return linked to the performance of the market index, such as a commodity index, to which the ETN is linked, minus the issuer’s annual fee.
Exchange Adjective Synonyms: trade, barter, switch, change, interchange, reciprocate, return, swap or swop
Exchange Verb Synonyms: market, stock market, Stock Exchange, securities exchange, the Market, the Board, the Big Board, the Exchange, the Bourse, Wall Street, the Street
Notes Adjective Synonyms: jottings, impressions, record(s), report, (thumbnail) sketch, (rough) draft, outline, synopsis
Business / Finance / New York Cotton Exchange (NYCE): Commodities exchange in New York trading futures and options on cotton, frozen concentrated orange juice, and potatoes, as well as interest rate, currency, and index futures and options. MORE
Business / Finance / New York Futures Exchange (NYFE): A wholly owned subsidiary of the NYSE that trades futures and futures options on the NYSE composite index. MORE