What Is the National Association of Investors Corp.? The National Association of Investors Corp. (NAIC) is a nonprofit organization founded in 1951, and dedicated to providing investor education and promote investor success. The association is based in Madison Heights, Mich., and is composed of investing clubs along with individual investors from around the United States.
What Is the National Association of Insurance and Financial Advisors (NAIFA)? The National Association of Insurance and Financial Advisors (NAIFA) is a trade organization for insurance professionals and financial advisors, based in Virginia near Washington, D.C. It is one of the largest trade groups in the financial industry. NAIFA works on behalf of its members to promote
What Is the National Association of Insurance Commissioners (NAIC)? The National Association of Insurance Commissioners (NAIC) is a nonprofit, nonpartisan organization governed by the chief insurance regulators of the 50 states, the District of Columbia, and the five U.S. territories: American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands. The NAIC sets
What Is a Naked Call? A naked call is an options strategy in which an investor writes (sells) call options on the open market without owning the underlying security. This strategy, sometimes referred to as an uncovered call or an unhedged short call, stands in contrast to a covered call strategy, where the investor owns
What is a Naked Position? In securities trading in general, a naked position refers to a securities position, long or short, that is not hedged from market risk. Both the potential gain and the potential risk are greater when a position is naked instead of covered or hedged in some way. In options trading this
What Is a Naked Put? A naked put is an options strategy in which the investor writes, or sells, put options without holding a short position in the underlying security. A naked put strategy is sometimes referred to as an “uncovered put” or a “short put” and the seller of an uncovered put is known as
What Is Naked Shorting Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock or determine that it can be borrowed before they sell it short. So naked shorting refers to short pressure on a stock that may be larger than
What Is a Naked Warrant? A naked warrant, also known as a covered warrant, is a derivative that allows the holder to buy or sell a security, such as a bond or a share. Unlike a normal warrant, it is not attached to a newly issued bond or preferred stock. Naked warrants are issued by
What Is a Naked Writer? A naked writer is the seller of an options contract who does not also maintain an offsetting position in the underlying security. In other words, a naked call writer does not have an existing long position, and a naked put writer an existing short position in the underlying security, leaving
What Is Namecoin (NMC)? Namecoin is “a peer-to-peer naming system based on Bitcoin.” It’s a token for a blockchain initially forked from Bitcoin’s blockchain. A fork is a change in a blockchain that makes the new branch noncompatible to the original branch. Namecoin was developed as a blockchain and token for a decentralized domain name
