• See Series 3 for Commodities and Series 7 for General Securities. More licenses are listed in that section.
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| ||Cash cow: Is a security, investment or a project which generates or throws off lots of funds due to contacts or contracts. Sometimes, the basis for this asset is an excellent customer, a monopolistic market position, or special advantage afforded by patents, Licenses, or other economic properties. This cash flow can be used for many purposes. Typically, this situation constitutes the fundamental franchise of a business.A company that pays out all earnings per share to stockholders as dividends. Or, a company or division of a company that generates a steady and significant amount of free cash flow.|
| ||Series 7 license: Also known as The General Securities Registered Representative License, which entitles the holder to sell all types of securities products with the exception of commodities futures (which requires a Series 3 license). The Series 7 is the most comprehensive of the NASD representative Licenses, and serves as a prerequisite for most of the NASD's Principals examinations.|
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