Investments > Discount Brokerage Services > Discount Brokerage Glossary
Discount Brokerage Glossary

All or None (AON)	An order that is executed in its entirety or not at all. The order may be placed as a DAY or GTC order. If not specified, a GTC order that does not specify AON may be executed over two or more trading days resulting in more than one commission or charge.
Brokerage Account Assets	The total equity value of the account.
Buy to Cover	An order that is intended to cover an existing short position.
Cash Available	The maximum amount of funds that can be withdrawn from the account without creating a deficiency
Day Order (DAY)	An order, which if not executed, expires at the end of the trading day it was placed.
Fill or Kill	An order to buy or sell a particular security which, if not executed immediately, is canceled.
Funds Due	The immediate amount due in the account.
Good Til Canceled (GTC)	An order that remains in effect until it is either executed or canceled. Also referred to as an "open order."
Long Market Value	The total value of the long positions in the account.
Limit Order	An order that is executed at a specific price, or a better price if obtainable, and can be accepted as a DAY or GTC order
Market Order	An order that is executed immediately at the best available price.
Money Market Fund Balance	The total of all money market funds in the account.
Securities Owed	The total value of securities sold in a cash account that have not yet been delivered to Thrivent Investment Management or are not in negotiable form. The balance is based on the previous business day's closing price.
Sell Short*	Sale of a security not owned by the seller. Prior approval is necessary.
Short Market Value	The total dollar value of securities held short.
Stop Limit Order*	An order that becomes a limit order when it reaches or exceed the specified price.
Stop Order*	An order that becomes a market order when it reaches or exceeds the specified price.

* Please call a discount brokerage representative before placing order. Not available for all transactions.

¹ Clearing through Pershing, LLC, a BNY Securities Group Co. solutions from the Bank of New York.
² Certificates of Deposit and VISA CheckCard are issued by State Street Bank & Trust Company of Boston.
³ An investment in the Money Market Fund is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.