Investor Education

A bond which is secured by the full faith and credit of an issuer with taxing power. General obligation bonds issued by local units of government are typically secured by a pledge of the issuer's ad valorem taxing power; general obligation bonds issued by states are generally based upon appropriations made by the state legislature for the purposes specified. Ad valorem taxes necessary to pay debt service on general obligation bonds are often not subject the constitutional property tax mileage limits. Such bonds constitute debts of the issuer and normally require approval by an election prior to issuance. In the event of default, the holders of general obligation bonds have the right to compel a tax levy or legislative appropriation, by mandamus or injunction, in order to satisfy the issuer's obligation on the defaulted bonds. *

A mutual fund whose aim is to provide for a degree of both income and long-term growth.

A mutual fund whose primary investment objective is long-term growth of capital. It invests principally in common stocks with growth potential.

A process of identifying stocks that appear to offer above average, accelerating earnings or revenue growth.