“Actively traded” means a security which is frequently bought or sold on a nationally recognized market.

“Delivery versus payment” means a security will be delivered to safekeeping before cash is paid for the security.

“Financial institution” means a bank, savings and loan association, or securities dealer.

“Margin requirement” means the amount by which the market value of the securities collateralizing a transaction exceeds the amount lent.

“Marked to market” means to value a security at its current sales price.

“Money market mutual funds” means a mutual fund which maintains a constant share price regardless of market fluctuations and which has an average maturity for its entire portfolio of one year or less.

“Pledged” means specific securities set aside as collateral which are identified to a specific account.

“Prime bankers’ acceptances” means an order to pay a certain amount of money on a certain date and bearing an unconditional promise of a bank to pay the draft at maturity. Bankers’ acceptances are secured by the creditworthiness of the bank and a U.S. corporation as well as goods underlying the transaction.

“Prime commercial paper” means an unsecured promissory note of a corporation backed by a line of credit with a bank, issued for a specific amount, and maturing on a specific day.

“Repurchase agreements” means short-term transactions consisting of the purchase of a security with the promise to return it at a later date.

“United States government agency or instrumentality securities” means obligations of the U.S. government issued on behalf of U.S. government departments through the Federal Financing Bank and securities issued by U.S. government sponsored enterprises or quasi-public corporations.

“United States Treasury securities” means a security that is backed by the full faith and credit of the U.S. government. [Code 1979 § 6.05.12.]