* Site-Outage Notice: Our engineering elves will be tweaking the Shmoop site from Monday, December 22 10:00 PM PST to Tuesday, December 23 5:00 AM PST. The site will be unavailable during this time.
© 2014 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Agency Cross Transaction


Derived from the Investment Advisers Act of 1940, investment advisers must notify a client in writing and obtain their consent before selling any security from its own account to that client's account, or for purchasing securities from a client. We're sorry to disappoint anyone who thought this had something to do with cross dressing.