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Early Withdrawal Penalty
The dollar amount of interest or principal
forfeited because of early withdrawal of a fixed-term investment. This is not to be confused with the 10%
excise tax applicable to certain retirement distributions prior to reaching age 59 1/2.
Earnings Per Share (TTM)
This is the trailing 12-month total (TTM) earnings
divided by the average diluted shares outstanding for the trailing 12 months.
Effective Date
The date an annuity exchange order was executed.
Effective Yield
In the context of a secondary bond trade, the effective yield is inclusive of the quoted price plus the total cost (or markup) of the transaction.
Example: A bond may be quoted with an Ask Price of 101.00 and a corresponding Ask Yield of 5.60%. If the concession per bond were $2 per bond, the total concession for 10 bonds would be 10 X $2 = $20. Expressed at a per bond level, the price will rise to 101.20 per bond, and the corresponding yield for that price would be known as the Effective Yield. The Effective Yield will be lower than the originally quoted, pre-concession, yield although how much lower depends on factors such as the coupon and the time remaining until maturity of the bond in question.
83(b) Election
An IRS tax code stipulating that a recipient of a Restricted Stock Award may elect, within 30 days of the award grant, to include in his/her gross income the fair market value of the shares on the date of the award grant. Choosing not to make this election subjects the shares to being reported as income when they vest.
Electronic Communications Network (ECN) Extended Hours Orders
An ECN is essentially an electronic order matching
system in which investors and other market participants may participate.
The ECN in which Fidelity participates may be linked to other ECNs which will increase the potential for an order to be matched. You can place orders through the ECN using the Extended Hours trading sessions, the Premarket and the After Hours session.
ECN orders for the Premarket session can be placed from 7:30 to 9:15 a.m. Eastern Time. ECN orders can only be executed after 8 a.m. Eastern Time. Orders entered between 7:30 and 8:00 a.m. Eastern Time are queued at Fidelity based on the time received. At 8:00 a.m., Fidelity transmits orders to the ECN and the transmitted orders are queued at REDIBook according to the time received and the specified limit price.
After 8 a.m. Eastern Time, Fidelity continues to send Premarket trade orders to the ECN in the order in which Fidelity receives them until 9:15 a.m. Eastern Time, unless trading is halted prior to 9:15 a.m.
Orders in the After Hours session can be placed from 4 to 8 p.m. Eastern Time. ECN orders can only be executed after 4:30 p.m. Eastern Time. Orders entered between 4:00 and 4:05 p.m. Eastern Time are queued at Fidelity based on the time received. Between 4:05 and 4:30 p.m., Fidelity transmits orders to the ECN and the transmitted orders are queued at REDIBook according to the time received and the specified price.
After 4:30 p.m. Eastern Time, Fidelity continues to send After Hours trade orders to the ECN in the order in which Fidelity receives them until 8 p.m. Eastern Time, unless trading is halted prior to 8 p.m.
You must have a Fidelity Brokerage® account to place an order during the Premarket or After Hours session.
Limit orders to buy and sell stocks are matched electronically, if the potential for a matched transaction exists. The ECN will operate during regular trading hours and during the Premarket and After Hours sessions. However, you can only enter orders through Fidelity for execution via the ECN during Extended Hours trading sessions.
In the Extended Hours Trading sessions, you can trade all NASDAQ (National Market and SmallCap) and listed securities.
If a stock that normally trades on the ECN closes on a trading halt in its primary market, or trading is later halted by its primary exchange or a regulatory authority, trading of that stock will also be suspended on the ECN.
Extended Hours trading will be available through the ECN via Fidelity's Web site. It will not be available through Fidelity's automated telephone service, other online services, or through Fidelity representatives. Premarket and After Hours quotes obtained from Fidelity.com will only reflect the prices available in REDIBook. Commissions will be the usual Web-based commissions.
Once you place a limit order into the ECN, the order will be matched on a first come, first served basis, at the price you specify.
Electronic Funds Transfer Purchase
This is a transfer of cash from a bank account:
For Fidelity IRAs, you can use the Electronic Funds Transfer service to transfer money from a bank account to make an annual IRA contribution to the IRA.
For Fidelity Brokerage® IRAs, all transfers go into the Core account.
This service is not available for Fidelity NetBenefits® and BrokerageLink accounts.
For specific information account contribution limits, use the IRA Evaluator which can be accessed by selecting Investment Products >> Retirement option.
For information about or assistance with setting up or using Electronic Funds Transfer, call a Fidelity representative at 800-544-6666.
Electronic Funds Transfer Redemption
For a mutual fund account, this is a transfer of the proceeds from the sale of
mutual fund shares to your bank account. For a brokerage
account, this is transferring money from the Core
account to your bank account. For PAS accounts, this is the transfer of proceeds from the sale of assets within your portfolio to your bank account.
Note:This service is not available for Fidelity NetBenefits®, BrokerageLink, and College Savings Plan accounts.
To request an online distribution from a Fidelity IRA, select Accounts and Trade >> Portfolio and choose Transfer Money/Shares from the Action Selector next to the desired IRA account.
Request distributions from Keogh accounts with a single withdrawal request form found on the Customer Service tab on Fidelity.com or call a Fidelity representative at 800-544-6666.
For information about or assistance with setting up or using Electronic Funds Transfer, call a Fidelity representative at 800-544-6666.
Electronic Funds Transfer Service
A service for brokerage and mutual fund accounts including eligible
retirement and non-retirement accounts and also for College
Savings Plan accounts. This service is not available for Fidelity
NetBenefits® and BrokerageLink accounts.
The Electronic Funds Transfer service for non-retirement accounts:
The Electronic Funds Transfer service for College Savings Plan accounts allows you to transfer money from your bank account that is a deposit to your College Savings Plan account. The transferred money is used to buy additional units in a portfolio (e.g., Unique Portfolio 2015, DE Portfolio 2018) in the account.
Note that for College Savings Plan accounts you can only transfer from your bank account and to your College Savings Plan account.
The Electronic Funds Transfer service for Traditional IRAs and Roth IRAs:
Note: To request an online distribution from a Fidelity IRA, select Accounts and Trade >> Portfolio and choose Transfer Money/Shares from the Action Selector next to the desired IRA account.
Request a distribution from a Keogh account with a single withdrawal request form found on the Customer Service tab on Fidelity.com or call a Fidelity representative at 800-544-6666.
For information about or assistance with setting up or using Electronic Funds Transfer, call a Fidelity representative at 800-544-6666.
Eligible for Credit Adjustment
Fidelity provides an annual credit adjustment on substitute payments received when a security has been loaned from a margin account with a margin debit balance over record date. The credit adjustment is applied at a rate of 30.77%, which assumes a substitute payment is taxed at the highest federal ordinary income tax rate of 35% and that a qualified dividend would be taxable at the highest federal capital gains tax rate of 15%. Since the credit adjustment itself is taxable, it contains an internal adjustment on itself. Note that all substitute payments received are not eligible for credit adjustments and certain substitute payments that currently qualify for a credit adjustment could be disqualified after the annual dividend reclassification process takes place in January 2005.
Eligible Positions
An option available on the
Transfer Shares screen. Select this option to display all positions and their
eligible shares and value available for
transfer from the selected source account.
Eligible Shares
The shares eligible for transfer to another
account.
Not all shares in a position may be eligible for transfer. Shares that are not yet settled, are restricted, or held short are not eligible for transfer.
E-Mail Address/Pager Pin
When entering an indication of interest in a
new issue, fixed-income offering (e.g., a bond), this is
the method by which you will be notified with any updates regarding the offering such as pricing, date
and time period to confirm (if applicable), and when securities are allocated.
This method is supplied using information you enter when you sign up for Fidelity Alerts.
Emerging Market
A securities market that is of smaller size or that
has a short operating history, for example, Greece, Russia, China, and Brazil.
EMMA
The official source for municipal disclosures and market data such as official statements, continuing disclosure documents and real-time trade price information.
Employee Stock Purchase Plan
A plan offered by an employer according to which
employees have the opportunity to purchase the company's stock, usually at a discounted price, through
after tax payroll deductions.
Employee Stock Purchase Plan may also refer to the contractual document between an employer and employee that sets forth the rights and obligations of the Plan.
Encryption
A procedure used to convert information to a format
that seeks to prevent anyone except for the intended recipient from reading the information (e.g.,
sending a message in code).
Ending Values
On the Historical Analysis screen, the ending value
dollar amounts were calculated using the current net worth of the account(s) you have selected and then
analyzing how that amount would have performed in a sample "diversified" portfolio made up of the same
asset mix (stocks, bonds, and short term) as your actual holdings.
Note: Past performance is no guarantee of future returns.
Enhanced Rating (Moody's)
Enhanced Ratings only pertain to US municipal securities. An enhanced rating is Moody's published assessment of a particular obligation's credit quality absent any insurance or wrap from a financial guarantor, but reflecting the underlying issue's standalone credit quality as well as any credit support provided by a state credit enhancement program.
EPS
The Earnings Per Share (EPS) for a
security, the net income available for the common stock
divided by the number of outstanding shares.
EPS Growth Rate (%)
In a Company Profile, this growth rate is the compound annual growth
rate of earnings per share
(EPS) excluding extraordinary items and discontinued
operations over the last 1, 3, or 5 years.
EPS Percent Change, Most Recent Quarter vs. Quarter 1 Year Ago (%)
This is the most recent quarterly
earnings per share
(EPS) minus the preceding quarterly EPS divided by the EPS
for the preceding quarter, multiplied by 100.
EPS Percent Change, TTM vs. TTM 1 Year Ago (%)
This is the percent change in the
trailing 12 month (TTM) earnings per share
(EPS) compared to the same trailing 12 month period 1 year
ago.
Equity
This refers to the assets held in
an account. Equity includes any long market value and credit
balance, minus any liabilities, and includes any short market
value and debit balances.
Equity Buying Power
Refer to the new name for this
field, Margin
Buying Power, for more information.
Equity Compensation Plan
Refer to Stock
Compensation Plans.
Equity Foreign vs. Domestic
This is a section on the Graphical
View screen. This section shows the percentage of your
holdings that are classified as equities
that are invested in U.S. vs non-U.S. (foreign).
The percentages include the holdings in your portfolio or the one or more accounts you select. This includes underlying securities in your mutual funds.
Equity Foreign vs. Domestic Holdings Detail
This is a section on the Holdings
Detail screen. This section shows dollar values for each
of your U.S. vs non-U.S. holdings that are classified as equities.
All dollar amounts are as of the date and time shown on the
Control Panel.
The dollar amounts include the holdings in your portfolio or the one or more accounts you select. This includes underlying securities in your mutual funds.
Escrow (Esc.) to Maturity
This refers to municipal bonds for which
payment to bondholders is secured in an escrow fund, typically
consisting of direct U.S. government obligations, in an amount
sufficient to pay the principal and interest for an issue at
maturity.
On the fixed-income security (e.g., bond) details screen, Yes displays if payment to bondholders is secured in escrow. Otherwise, No displays.
Escrow End Date
The final effective date of a fund established to hold funds pledged and to be used solely for a designated purpose, typically to pay debt service on an outstanding issue in an advance refunding.
Escrowed to Maturity
Bonds that are supported by escrow funds designed to make payments as outlined in the security's original indenture. Funds in the escrow account are used to pay the periodic coupon payments and the principal of the escrowed to maturity (ETM). Typically the escrowed funds set aside for the ETM are invested in short-term, low-risk debt securities.
ESPP Purchase Date FMV
The fair
market value of one share of stock on the date the
purchase was made through an Employee Stock Purchase Plan.
ESPP Purchase Price
The price paid per share for stock
purchased through an Employee Stock Purchase Plan, as defined
under plan rules. This discounted price is determined by the
rules of the plan.
Estimated Annual Income (EAI)
An estimate of annual income from a specific security position over the next rolling 12 months. EAI for U.S. government, corporate, and municipal bonds, and Certificates of Deposit (CDs) is calculated by multiplying the coupon rate by the face value of the security. EAI for common stocks (including ADRs and REITs) and mutual funds is calculated using an Indicated Annual Dividend (IAD). See calculation examples below:
For Fixed Rate Bonds and CDs: EAI = Face Value x Coupon Rate
Example: You own a bond with $1,000 Face Value and a 5% Coupon
EAI = $1,000 x .05 = $50.00
For Common Stocks, ADR’s, REIT’s and Mutual Funds: EAI = # of Shares x IAD
Example: You own 100 shares of ABC Stock, ABC Stock IAD is .80
EAI = 100 x .80 = $80.00
EAI is calculated for the following securities when available: fixed rate bonds (including treasury, agency, GSE, corporate, and municipal bonds), CDs, common stocks, ADRs, REITs, and mutual funds.
EAI is not calculated for preferred stocks, exchange traded products (ETFs & ETNs), UITs, international stocks, closed-end funds, and the following types of bonds: step-up, floating rate, variable rate, discount, zero coupon, factored, mortgage-backed, bonds with an inflation factor, and certain international bonds (including those with the “foreign” indicator on the Bond Details page).
Estimated Annual Interest Payment
The amount of interest the security will pay in a calendar year. Depending on the security and the issuer,
payments could be made monthly, quarterly, semi-annually or annually.
Estimated Annual Principal Amount
The estimated annual principal payment you are scheduled to
receive from the issuer of the bond. This usually happens on
the maturity date. However, if the bond is callable you may
receive your principal earlier than the maturity date.
Estimated Cash Proceeds
An estimate of the proceeds
from an exercise
and sell order. This estimate shows all proceeds after any
estimates for costs or taxes are deducted.
Estimated Commission
The estimated amount you will pay on the order you just placed. The actual commission is assessed when the order is executed. How fees and commissions are assessed depends on a variety of factors. For more information, see the Brokerage Commission & Fee Schedules at Investment Products > Trading. The actual commission is assessed when the order is executed. How fees and commissions are
assessed depends upon a variety of factors. For more information, please see the Brokerage Commission & Fee Schedules page under Investment Products >
Trading.
Estimated Concession
An estimation of the additional markup or markdown that will be added to the cost of a fixed income securities trade. A concession is the per-bond markup or markdown on a fixed income trade, as opposed to an agent commission.
Estimated Cost
The estimated cost of the bonds, including accrued interest, for the bonds that make up a particular rung in a ladder.
Estimated Exercise Cost
This is an estimate of the cost of exercising your
stock options.
Exercise cost is calculated by multiplying the
grant price by the number of stock options you are exercising. Exercise cost
does not include tax withholding or any fees or commissions that may
apply.
Estimated Fair Market Value Per Share
The fair market value divided by the number of RSA shares or units you own. Fair market value is the value of the shares when they vest and you receive the proceeds, as specified in your RSA agreement and as used to determine the amount of income treated as compensation for Federal income tax purposes. Fair market value is based on prior business day's close, average high and low for the day, real-time price, or today's close.
Estimated Fair Market Value Per Unit
The fair market value divided by the number of RSUs you own. Fair market value is the value of the units when they vest and you receive the proceeds, as specified in your RSU agreement and as used to determine the amount of income treated as compensation for Federal income tax purposes. Fair market value is based in prior business day's close, average high and low for the day, real-time price, or today's close.
Estimated Gain
An estimate of the gain you may receive and taxes you may owe on an accepted Restricted Stock Award (RSA) on its
vesting date.
Estimated Gross Sale Proceeds
This is an estimate of the proceeds
from an exercise
and sell order. This estimate shows all proceeds before
any estimates for costs or taxes are deducted.
Actual gross sale proceeds at time of order execution may be different.
Estimated Interest AmountThe estimated amount you are scheduled to receive on your next interest payment from the issuer of the bond.
Estimated Liquid Net Worth
Refers to cash and any assets easily converted to cash, such as money market fund shares, U.S. Treasury bills, and bank deposits. Your liquid net worth is also referred to as your liquid assets.
Estimated Monthly Payment
The amount that will be paid based on the number of shares currently owned, not including any open orders. Additional purchases will increase the monthly payments, while redemptions will decrease the monthly payments.
Estimated Net Cash Proceeds
This is an estimate of the proceeds
from an exercise
and sell order. This estimate shows all proceeds after any
estimates for costs or taxes are deducted.
Actual net cash proceeds at time of order execution may be different.
Estimated Net Worth
Refers to the amount by which assets (excluding residence) exceed liabilities. For example, an individual's net worth is the total of all assets (excluding residence) such as stocks, bonds, and other securities minus all outstanding debts such as revolving credit loans.
Estimated Number of Options to Exercise
The estimated number of options
that must be exercised and shares sold to acquire the dollar
amount that you entered as the Cash Proceeds Desired. The
calculation is made based on the grant price and stock price
that you entered in the calculator.
Estimated # of Shares Purchased from Company Matching Contributions
The estimated number of shares to be
purchased in an Employee Stock Purchase Plan in the selected
offering period with funds from your employer's matching
contributions. This amount is calculated as:
Total Company Contribution/Estimated ESPP Purchase Price.
Estimated Number of Shares Purchased from Employee Contributions
The estimated number of shares to
be purchased in an employee stock purchase plan in the
selected offering period with funds from your payroll
deduction contributions. This amount is calculated as:
Total Employee Contribution/Estimated ESPP Purchase Price.
Estimated Principal Amount
The estimated principal payment you are scheduled to
receive from the issuer of the bond. This usually happens on
the maturity date. However, if the bond is callable you may
receive your principal earlier than the maturity date.
Estimated Purchase
An option available on the Estimate Purchase screen that enables
you to view the details of an estimated purchase of company
stock during a specific offering period of your Employee Stock
Purchase Plan.
Estimated Residual Balance After Purchase
The estimated dollar amount remaining in an employee stock purchase plan after the
purchase for an offering period.
Estimated Results for Cash Proceeds Desired
This is a section that displays on
the Stock Option Calculator when you select Cash Proceeds
Desired as the calculation method. This section includes the
following resulting estimates of your calculation, in order
from top to bottom:
Estimated Results for Exercise & Hold Order
This is a section that displays on
the Stock Options Calculator when you calculate the
hypothetical proceeds from exercising options. This section
includes the following resulting estimates of your
calculation, in order from top to bottom:
Estimated Results for Exercise & Sell Order
This is a section that displays on
the Stock Options Calculator when you calculate the
hypothetical proceeds from exercising options. This section
includes the following resulting estimates of your
calculation, in order from top to bottom:
Estimated Share Proceeds
This is an estimate of the proceeds
from an exercise
and hold order. This estimate shows all proceeds before
any estimates for costs or taxes are deducted.
Actual share proceeds at time of order execution may be different.
Estimated Stock Plan Purchase Price
The estimated price for one share of stock purchased through an employee stock purchase plan. This amount represents the amount paid for the stock, minus any discount allowed by the plan (if applicable). Refer to your plan's rules for plan purchase calculations.
Estimated Taxable Equivalent Yield
For municipal bonds, this is an estimate
for the interest rate that must be recovered on a taxable
security to provide the same after-tax return as that earned
from a tax-exempt investment.
The actual taxable equivalent yield for the security may be different.
Estimated Taxable Income
This is an estimate of the income
on which you would pay ordinary income tax after an exercise
and sell or an exercise
and hold order for non-qualified
stock options executes. It is also an estimate of the income tax on which you would pay
ordinary income tax after vesting in a restricted stock award (RSA).
Actual taxable income at time of order execution may be different.
Estimated Taxes
An estimate of the income
tax that would be withheld when an exercise
and sell or an exercise
and hold order for non-qualified
stock options executes. Actual taxes at time of order
execution may be different. This may also describe an estimate of the taxes due when
your restricted stock awards (RSAs) vest.
Estimated Tax Withholding
Estimated amount of the tax withholding due when your restricted stock awards vest. This value is calculated using the previous business day's closing price and the tax rates provided by your employer (if any).
Estimated Total Cost
This is an estimate of the total
cost of exercising stock options that would be deducted from
the proceeds when an exercise
and hold order executes. This estimate is the total of the
estimated
exercise cost plus the estimated tax
amount.
Actual total cost at time of order execution may be different.
Estimated Total Cost to Exercise
Includes the costs
of all commissions or fees, tax withholding, and the exercise
cost (grant
price multiplied by the number of stock options you are
exercising) payable when an order to exercise
stock options executes. The actual total cost to exercise at
the time of order execution may be different.
Estimated Total Gain from Purchase
The estimated dollar gain (or loss) that
would result under your employee stock purchase plan if all
the shares accumulated in the selected offering period were
sold. The amount is calculated as
follows:
Estimated Total Gain from Purchase = number of shares purchased (current market price) - (number of shares purchased * estimated purchase price)
Refer to your plan's rules for how gains may be calculated.
Estimated Total Options Outstanding Value
This is an estimate of the total value of
the number of options that have not been exercised including
options that are vested and
unvested.
Estimated Total Tax Withholding
This is an estimate of the income tax that
would be withheld when an exercise
and sell or an exercise
and hold order for non-qualified
stock options executes. Actual taxes withheld at time of
order execution may be different.
Estimated Total Value of Exercisable Rights
The estimated value of your
exercisable rights across all of your stock appreciation
rights grants. This value is calculated using the last market
closing price for the stock minus the grant price, multiplied
by the total exercisable rights (or zero if greater). Actual
value at exercise may vary.
Estimated Total Value of Rights
The estimated value of your
unexercised rights across all of your appreciation rights
grants. This value is calculated using the last market closing
price for the stock minus the grant price, multiplied by the
total rights including those that are and are not exercisable.
Actual value at exercise may vary.
Estimated Unvested Options
This is an estimate of the number
of stock
options from those originally granted that have not been
held long enough for you to have right of ownership and that
are not yet available for exercise.
Estimated Value
An estimate of the value of your restricted stock awards. This value is calculated using the previous business day's closing price.
Estimated Value of Options Outstanding
This is an estimate of the total
value of the number of options that have not been exercised,
both are vested and
unvested
stock options.
This value is calculated by multiplying the market price for the underlying stock as of the prior trading day's close by the total number of vested and unvested options outstanding.
Estimated Withdrawal Amount
An estimate of the proceeds from an IRA distribution when selling
all shares in a mutual fund position from an eligible mutual
fund IRA.
The estimated amount is less any applicable fees and based on the total estimated value of the shares to be sold as of the fund's last available closing price.
Estimated Yield (EY)
An estimate of annual yield from a specific security position over the next rolling 12 months. EY is calculated by dividing the EAI for a specific security position by the market value of the security position, which may be higher or lower than the original purchase price. See calculation example below.
EY = EAI / Market Value
Example: 100 Shares of ABC Stock Price with a per share price of $19.00, Market Value = $1,900.00, EAI = $80.00
EY = $80.00 / $1,900.00 = 4.21%
Estimated YTM
An estimated yield to maturity rate of return an investor may
receive on a bond if the bond is held to its maturity
date.
When looking up bond symbols, this field is used to enter search criteria and it has two parts:
Estimation of Future Transfer
This is a field on the Electronic Funds
Transfer: Electronic Funds Transfer Setup screen. In this field, select a
dollar range that you may commonly use when transferring funds
using the Fidelity Electronic Funds Transfer service. This amount is used
for one-time online account authentication only and does not
initiate a transfer between Fidelity and your bank
accounts.
Evaluation Point
The number of days prior to expiration or at expiration used to evaluate your strategy.
Event risk
The risk that an event such as a natural or industrial disaster, a takeover, or a corporate restructuring could have an adverse effect on the price of a security and any associated cash flows from coupons or dividends.
Exchange
The trading exchange (e.g., New
York Stock Exchange) where a security is primarily
traded.
The lowest price a dealer or market maker will accept for a security.
Exchange BidThe highest price a prospective buyer would pay for a unit of the security (or underlying security).
Exchange by Reallocation
An exchange of investment options within an annuity that affects
the distribution of investment options across the entire
contract.
Exchange Call
The amount by which the margin equity in the account has fallen below the NYSE minimum requirement (currently, 25%). Generally, exchange calls must be met (money added to the account to bring the margin equity up to the minimum required) within 48 hours, but Fidelity may cover the call at any time. If the amount of margin equity in the account is above the minimum requirement, this value will instead be reflected as an exchange surplus (also known as NYSE Surplus).
Exchange Confirmation
Notification from Fidelity that
your annuity exchange order has been executed.
The confirmation lists the details of the order and an order confirmation number.
Select Print from your browser's File menu to print a confirmation screen.
Note:Fidelity will also send you a paper confirmation through the U.S. mail after an order has executed.
Exchange Positions
This refers to the exchange of
assets from one annuity investment option to one or more
investment options. This also refers to changing the current
percentage allocation of an annuity portfolio.
Exchange Surplus
The amount of margin equity in the account above the NYSE minimum requirement (currently, 25%). Also known as NYSE Surplus. If the margin equity in the account falls below 25%, this value will instead be reflected as an exchange call.
Exchange to Symbol
For a mutual fund exchange, this is
the symbol for the mutual fund in which you want to buy
shares.
Excluded
Excluded bonds are those secondary bond offerings that would normally be filtered out from being displayed on Fidelity.com. They are filtered out because they have failed the Price Test beyond the level that identifies a bond as an Other offering. That means they are priced from 2.6% to 10% away from the last closing price reported by our third-party pricing vendor.
Ex-Dividend
Refers to the interval between the
announcement and the payment of the next dividend.
An investor who buys shares of a stock or mutual fund on the
ex-dividend date or after is not entitled to the
dividend.
Ex-Dividend Date
The date on which a stock goes ex-dividend.
Execution Price
The value per share in US dollars (or the local currency for products traded in foreign currencies) at which a trade
filled. For equities or options, if a trade receives multiple executions, the execution price is displayed for the
order as a weighted average. The weighted average is calculated by taking the total dollar value of the trade and
dividing it by the number of shares traded.
Exercisable
The total quantity of rights, grants, options, or securities for which you are vested
and have the right to exercise. On Stock Appreciation Rights (SAR)
screens, the Summary screen displays the total exercisable amount across all of your grants. The Summary | Vesting
Schedule and Details screen displays two exercisable balances: the total quantity, and the total estimated current
value of that quantity.
Exercisable Options
The number or current estimated dollar value of stock options for which you are vested or have the right of ownership and that are eligible for exercise, either for a single stock option grant or across all of your grants.
Exercisable Rights
Across all of your stock appreciation rights grants, the total number of vested rights which you own and which are eligible for exercise.
Exercise
The purchase of stock
granted through an employee stock
option plan.
Exercise and Hold
A form of stock option exercise in which you exercise your
option to acquire shares of your company stock and hold the
stock. When you do this, you need to have funds available* to
pay the exercise cost and required tax withholding (if applicable).
* Funds must be available through cash on deposit or you must be approved for margin to borrow against other securities in your stock option brokerage account.
Exercise and Sell
A form of stock option exercise in which you exercise your
option to acquire shares of your company stock and sell the
stock immediately. The cash proceeds from the sale are used to
pay the exercise cost, required tax withholding, and brokerage
commissions and fees. This form of exercise does not require
you to provide cash for the exercise
Exercise Cost
The cost of exercising your
stock
options. Exercise cost is calculated by multiplying the grant
price by the number of stock options you are exercising.
Exercise cost does not include tax withholding or any fees or
commissions that may apply.
Exercise Cost Due
This is the total amount that is
due to pay for stock options you have just exercised. Also,
refer to exercise cost.
Exercise Date
The date on which you elect to exercise your options, or the date you used your options to buy shares of the underlying security.
Exercise Order Date
This is the date on which your
order to exercise
stock options was placed, and not the settlement date of
transactions associated with your option exercise.
Exercise Price
This is the price per share which
you must pay to the issuer to exercise the option. The
exercise price is usually set at the fair
market value of the company's stock on the date of grant.
Also called the Grant Price.
Expected Coupon
For new
issue fixed-income securities (e.g., bonds), this is an
estimate for the coupon
interest rate the issuer will
pay until maturity.
The actual coupon set for the security may be different.
Expected Issue Size
For a new
issue fixed-income security (e.g., bonds) offering, this
is the total dollar amount that the issuer would like to
receive from the offering.
The actual dollar value for the offering may be different after the offering is priced.
Expected Order Period
For new
issue fixed-income securities (e.g., bonds), this is the
expected start and end date that define the period during
which you can place an order for a new
issue offering.
The actual order period for the offering may be different.
Expected Price
For new
issue fixed-income securities (e.g., bonds), this is an
estimate for the price per security offered as part of the
offering.
The actual price per security that is set may be different.
Expected Pricing Date
For new
issue fixed-income securities (e.g., bonds), this is the
date on which the issuer estimates the price for the new issue
will be set.
The actual date on which the new issue is priced may be different.
Expected Settlement Date
For new
issue bonds, this is the estimated date on which the
payment for any securities bought as part of the offering must
be made.
The actual settlement date may be different.
Expected Yield
For new
issue fixed-income securities (e.g., bonds), this is the
estimate of what the annual rate of return will be for the
security.
The actual yield for the security may be different.
Expense Ratio
Annual percentage of fund's assets
that is paid out in expenses. Expenses include management fees
and all the fees associated with the fund's daily
operations.
Expiration
For options, the date upon which an options contract terminates, or ends.
Expiration 1
For the multi-leg option tools, this is the expiration month you would like considered for the strike prices in your search for a particular strategy.
Expiration 2
For the multi-leg option tools, if you are considering a strategy that has multiple expiration months (i.e.: Calendar Spread) this is the second expiration month or far month for the strike prices in your search for a particular strategy.
Expiration Date
The date, according to the terms of your grant agreement with your company and your company's stock plan, after which you can no longer exercise your grant. Under certain provisions of the stock plan and grant agreement, such as a change in employment status, expiration date may be accelerated. For Restricted Stock, expiration date is the date on which the agreement expires.
Expiration Friday
The third Friday of each month is expiration Friday. Options with the same
month and year as the expiration Friday date stop trading after the market
closes, and the options expire the next day, Saturday.
Expired On
The date and time on which a price trigger value was met and an alert was sent. Once met, the trigger expires and displays on the Expired Triggers screen for 90 days. You may reactivate or update and activate an expired price trigger.
Extended Free Look Period
Applicable only to annuity contract
customers in New York and California. For all other states,
refer to free
look period.
The extended free look period begins after an annuity contract is purchased in New York or California. During this period, the money in the annuity is in the investment option(s) the customer selected and the contract may be canceled at any time.
Refer to the paperwork you received when you purchased the annuity for information regarding the number of days for the extended free look period.
Extended Hours Quote
This is the best real-time quote
for a stock eligible for trading during either of the Extended
Hours sessions (the Premarket
or After
Hours session) across the ECNs linked to the ECN
in which Fidelity participates and Nasdaq when
available.
Extended Hours quotes obtained from Fidelity.com will reflect only the prices available in the ECN, linked ECNs and Nasdaq's SelectNet, when available.
Extended Hours session quotes are available only during the Premarket session, 7:00 to 9:28 a.m. Eastern Time unless trading is halted before 9:28 a.m., and the After Hours session, 4:00 to 8:00 p.m. Eastern Time unless trading is halted before 8:00 p.m., on Monday through Friday except holidays.
This quote is displayed to the right of the Premarket or After Hours Place Stock Orders screen for reference when placing an order during these sessions.
You must have a Fidelity brokerage account to place an order during the Extended Hours sessions.
Extended Hours Session as of
The date and time of the last trade of the
current Extended Hours session.
Extended Hours Trading
Fidelity's Extended Hours trading
sessions allow brokerage account customers to enter limit
orders to buy or sell stock after standard
market hours through the Electronic Communications Network
(ECN) in which Fidelity participates. An ECN is essentially an
electronic order matching system in which investors and other
market participants may participate.
The ECN in which Fidelity participates may be linked to other ECNs or dealers which will increase the potential for an order to be matched. You can place orders through the ECN using the Extended Hours Trading sessions, the Premarket and the After Hours session.
ECN orders for the Premarket session can be placed and executed from 7:00 a.m. to 9:28 a.m. Eastern Time.
Orders in the After Hours session can be placed and executed from 4:00 to 8:00 p.m. Eastern Time.
You must have a Fidelity Brokerage® account to place an order during the Premarket or After Hours session.
Limit orders to buy and sell stocks are matched electronically, if the potential for a matched transaction exists. The ECN will operate during regular trading hours and during the Premarket and After Hours sessions. However, you can only enter orders through Fidelity for execution via the ECN during Extended Hours trading sessions.
In the Extended Hours Trading sessions, you can trade all NASDAQ (National Market and SmallCap) and listed securities.
If a stock that normally trades on the ECN closes on a trading halt in its primary market, or trading is later halted by its primary exchange or a regulatory authority, trading of that stock will also be suspended on the ECN.
Extended Hours trading is currently available through the ECN via Fidelity's Web site and FidelityAnywhere.
Once you place a limit order into the ECN, the order will be matched on a first come, first served basis, at the price you specify.
Extraordinary Redemption
A provision which allows a bond issuer the right to call its bonds before maturity if certain specified events occur (as specified in the offering statement), such as natural disasters,cancelled projects, to almost anything else.