Laserfiche WebLink
San Leandro Investment Policy Statement Page 13 of 13 <br /> Appendix B <br /> Glossary of Technical Terms <br /> Securities and Exchange Commission (SEC) — A federal agency created by <br /> congress to protect investors in securities transactions by administering securities <br /> legislation. <br /> Treasury Bills (T- Bills) — A non - interest bearing discount security issued by the U.S. <br /> Treasury to finance the national debt. Most bills are issued to mature in three months, <br /> six months or one year. <br /> Treasury Bonds — Long -term coupon- bearing U.S. Treasury securities having initial <br /> maturities of more than ten years. <br /> Treasury Notes — Medium -term coupon- bearing U.S. Treasury securities having initial <br /> maturities of two to ten years. <br /> Uniform Net Capital Rule — Securities and Exchange Commission requirement that <br /> member brokers and dealers maintain a maximum ratio of indebtedness to liquid capital <br /> of fifteen to one. Indebtedness includes all money owed to other entities including loans <br /> and commitments to purchase securities. Liquid capital includes cash and other assets <br /> easily converted to cash. <br /> Yield — The rate of annualized income return on a security, expressed as a percentage <br /> of the security's purchase price. <br /> • <br />