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Compounding is the process of accumulating the time value of money forward in time. Interest earned in one period earns additional interest during each subsequent time period causing a compounding effect.

The COMEX is a division of the New York Mercantile Exchange (NYMEX). It was formerly known as the Commodity Exchange. The COMEX is the leading United States market for metals futures and options trading.

A Charitable Remainder Trust is an irrevocable trust that pays income to a designated person or persons until the grantor's death, when the income is passed on to a designated charity. A Charitable Lead Trust by contrast allows the charity to receive income during the grantor's life, and the remaining income to pass to designated family members upon the grantor's death.

The Federal Reserve System is the monetary authority of the United States. It was established in 1913, and governed by the Federal Reserve Board which is located in Washington, D.C. The system includes twelve Federal Reserve Banks and is authorized to regulate monetary policy in the United States as well as to supervise Federal Reserve member banks, bank holding companies, international operations of United States banks, and United States operations of foreign banks.

The Canadian Exchange Group is an association among the Montreal Exchange, the Toronto Stock Exchange, the Vancouver Stock Exchange, the Alberta Stock Exchange, and the Winnipeg Stock Exchange for the purpose of providing Canadian market data to customers outside Canada.

Butterfly spread strategy applies to derivative products. It is a complicated option strategy that involves selling 2 calls and buying 2 calls on the same or different markets, with several maturity dates. One of the options has a higher exercise price and the other has a lower exercise price than the other 2 options. The payoff diagram resembles the shape of a butterfly.

Bullion coins are metal coins consisting of gold, silver, platinum, or palladium that are actively traded on exchanges. Some examples include the American eagle and the Canadian maple leaf. Their price is directly connected to the underlying price of their metal.

A brokered Certificate of Deposit is a certificate of deposit issued by a bank or thrift institution bought by a brokerage firm in bulk for the purpose of reselling to their brokerage customers. A broker Certificate of Deposit features a higher interest rate, usually 1 percent higher, and is FDIC insured and do not usually have commissions.

A broker is an individual who is paid a commission for executing customer orders. A floor broker is one who executes orders on the stock exchange floor, or an upstairs broker who handles retail customers and their orders. A broker is also a person who acts as an intermediary between a buyer and seller, usually charging a fee or commission. A broker who specializes in stocks, bonds, commodities, or options acts as an agent and must be registered with the exchange where the securities are traded.

A bond that is assigned a rating in the top 4 categories by commercial credit rating companies. Standard & Poors classifies investment-grade bonds as BBB or higher, and Moody's classifies investment grade bonds as Ba or higher.