X Definition

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X as the fifth letter of a Nasdaq stock symbol indicates that the listing is a mutual fund.

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JUNK BOND is a bond with a speculative credit rating of BB or lower. Such bonds offer investors higher yields than bonds of financially sound companies. Two agencies, Standard & Poors and Moodys Investor Services, provide the rating systems for companies credit. See HIGH YIELD JUNK.

GPM see GRADUATED PAYMENT MORTGAGE.

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