Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
It sounds so devious.
Picture a bright light shining in your face and a dark voice asking, "Are you now or have you ever been associated with an associated person?"
The reality is far less ominous.
An "associated person" is just a principal of a FINRA-covered firm. They are "associated" with it and have to follow the firm's standards in their behavior and golf game. If the firm has a softball team, they're probably part of it.