Investment Glossary

Welcome to Firstrade’s stock trading terms glossary. Do all the research you want. Use this glossary to look up the definition of any financial term.
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Quarterly Refunding

Auctions of Treasury notes and bonds occurring in May, August, November, and February.

Quarterly Report

An unaudited financial report submitted every quarter to the SEC by public companies, containing the company's financials and other relevant information.

Quick Ratio

Also know as acid test, it is an indicator of a company's financial condition, calculated by taking current assets less inventories, then divide by current liabilities.


The highest bid and lowest asking price for a security at a particular time.