Securities offered through First Allied Securities, Inc., A Registered Broker Dealer, Member FINRA/SIPC. An Advanced Equities Company.

• Income bond
  A debt instrument that promises to repay principal, but only pay interest when earned by the issuing institution.
  
  
• Income fund
  A conservative mutual fund that seeks to return current income as its primary objective rather than emphasizing growth.
  
  
• Income statement
  A statement showing a company's revenues, expenses, and income over a specified period of time.
  
  
• Income stock
  Common stock with a history of high dividend yield.
  
  
• Indenture
  A written agreement describing the terms of a debenture, e.g., interest rate, maturity date, etc.
  
  
• Independent broker
  Exchange member who executes orders for other, temporarily busier brokers.
  
  
• Index
  Statistical measure (not an average) of specific securities' value.
  
  
• Index and option market (IOM)
  A division of the Chicago Mercantile Exchange (CME) established in 1982 for trading stock index products and options.
  
  
• Inflation
  The value of a currency decreasing as prices of goods and services increase over time.
  
  
• Initial public offering (IPO)
  A company's first sale of stock to the public. Companies making an IPO are seeking outside equity capital and a public market for their stock.
  
  
• Institutional investor
  A bank, mutual fund, pension fund, or other corporate entity that trades securities in large volumes.
  
  
• Instruments
  Any financial security, e.g., stock, bond, Treasury bill, mortgages, etc.
  
  
• Interest
  The price paid to lenders for borrowing money. Also, a share or title in property.
  
  
• Intermarket Trading System (ITS)
  A computer system that interconnects competing exchange markets for the purpose of choosing the best market. It is operated by Securities Automation Corporation (SAC).
  
  
• International fund
  A mutual fund that invests primarily in securities of companies domiciled outside the U.S.
  
  
• Interrogation device
  Any machine that displays market information.
  
  
• Inventory
  Securities bought and held by a broker or dealer for resale.
  
  
• Investment
  Using money for the purchase of a financial product or item of value in the expectation of future profit.
  
  
• Investor
  A person who buys or sells securities for his or her own account or the account of others.
  
  
• Investor relations
  A corporate department that communicates with shareholders.
  
  
• Investment bank
  A financial institution that acts as a middleman (underwriter) between the corporation issuing stocks and bonds, and the public.
  
  
• Individual retirement account (IRA)
  Special account that invests savings and defers taxes until money is withdrawn.
  
  
• Issue
  A particular financial asset or the act of distributing securities.
  
  
• Issuer
  A corporation that has distributed to the public securities registered with the Securities Exchange Commission.