Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
At the start of the trading day, brokers and other finance types come into the office, drink their coffee, and check opening prices on securities: the prices that a security has at the start of trade on any given day.
During the day, this price can go up and down at dizzying speed until we get to the closing price: the price the security ends up with at the end of the trading day.
Hey, sometimes names make sense.