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The Complete Idiot's Guide to Active Trading by Ken Little

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Appendix B
Glossary
Actively managed mutual funds Open-ended funds that employ a portfolio manger who buys and sells stocks and bonds in an attempt to post a better return than the market. Usually represented by some stock index, such as the S&P 500.
Ask The price at which a market maker is willing to sell the security.
Away from the market A phrase that means the bid or the ask price on a stock is not the best order available at that moment. There are lower bids or higher asks currently available.
Ax A market term for the main market maker for a Nasdaq stock. The market maker is responsible for creating an orderly market for a stock and must be willing to either buy or sell the stock if needed. You usually get the best prices from the ax.

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