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Exam Facts from the text 

What is Amortization?

Accounting procedure which gradually reduces the book value of an intangible asset through periodic charges to income; similar to depreciation for fixed assets. Method of reducing a taxpayer's cost basis in a bond purchased at a premium. Reduction of debt through periodic payments of principal-as in "self amortization" mortgages

What is the Annual Report?

The formal financial statement issued yearly by a corporation. The annual report contains a balance sheet, income statement, and other information of interest to shareholders.

Who is the Annuitant?

An investor who receives fixed or variable annuity payments

What is Freeriding?

The prohibited action of a client who buys securities and then sells them without paying for the initial purchase.

What is Front running?

The prohibited practice of trading in advance of a large customer order about which a trader has information