Holding Period Return/Yield – The return earned for holding an investment for a period other than one (1) year. It is calculated as the sum of all income and capital growth divided by the value at the beginning of the period being measured. To make a valid comparison to other investment, the holding period return must be annualized.

Hypothecation – A customer’s pledging of securities or other assets, typically to a broker/dealer as collateral for a margin loan.