PERSONAL FINANCE GLOSSARY

S&P

SEC EDGAR

Savings Bond

Second Mortgage

Section 1035 Exchanges

Section 529 Plans

Sector Funds

Sector Rotation

Secured Debt

Securities & Exchange Commission

Security

Separate (Sub-Account) Account

Series E Savings Bonds

Series EE Savings Bonds

Series HH Savings Bonds

Settlement Date

Settlement Option

Shareholders' Equity

Sharpe Ratio

Short Interest

Short Sale

Short-Term Capital Gains

Single Premium Annuity

Small-Cap Stock

Social Security Statement

Spinoff

Split

Spread

Standard & Poor's Composite Index of 500 Stocks (S&P 500)

Standard Deviation

Standard Risk

Statement

Stock

Stock Redemption Plan

Stock Ticker

Stretch IRA

Sub-Standard Risk

Subordinated Debenture

Successor Trustee

Suicide Clause

Surrender Charges

Surrender Schedule

Surrender Value

Survivorship Life Insurance

Swap

Symbol

Systematic Withdrawals

A diversification strategy that involves investing in stocks or stock funds of one or several specific industry sectors for a relatively short period of time (six to 18 months). Investments are continually monitored to determine when it is time to "rotate" assets from one sector to another.