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of where a specialist sees buy and sell interest to tighten the range to an opening
price. 
 
Indicator 
 
Used in the context of general equities. Technical or fundamental measurement
securities analysts use to forecast the markets direction, such as investment
advisory sentiment, volume of stock trading, direction of interest rates, and
buying or selling or corporate insiders. 
 
Indifference curve 
 
The graphical expression of a utility function, where the horizontal axis measures
risk and the vertical axis measures expected return. The curve connects all
portfolios with the same utilities. 
 
Indirect quote 
 
For foreign exchange, the number of units of a foreign currency needed to buy
one U.S.dollar. 
 
Inductive reasoning 
 
The attempt to use information about a specific situation to draw a conclusion. 
 
Industrial revenue bond (IRB) 
 
A bond issued by local government agencies on behalf of corporations. 
 
Industry 
 
The category describing a company's primary business activity. This category is
usually determined by the largest portion of revenue. 
 
Inflation 
 
The rate at which the general level of prices for goods and services is rising. 
 
Inflation-escalator clause 
 
A clause in a contract providing for increases or decreases in inflation based on
fluctuations in the cost of living, production costs, and so forth. 

 

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