|
|
|
|
|
Stock Market Terminology
|
/font>Securities that represent part ownership in a company and generally carry voting privileges. Common shareholders may be paid dividends, but only after preferred shareholders are paid. Common shareholders are last in line after creditors, debt holders and preferred shareholders to claim any of a company’s assets in the event of liquidation.
Continuous Disclosure
A company’s ongoing obligation to inform the public of significant corporate events, both favourable and unfavourable.
Convertible Security
A security of an issuer (for example - bonds, debentures, or preferred shares) that may be converted into other securities of that issuer, in accordance with the terms of the conversion feature. The conversion usually occurs at the option of the holder of the securities, but it may occur at the option of the issuer.
Corporation or Company
A form of business organization created under
govt. laws that has a legal identity separate from its owners. The shareholders are the corporation’s owners and are liable for the debts of the corporation only up to the amount of their investment. This is known as limited liability.
Cum Dividend
With dividend. The owner of shares purchased cum dividend is entitled to an upcoming already-declared dividend. The opposite of this is ex dividend.
Cum Rights
With rights. The owner of shares purchased cum rights is entitled to forthcoming, already-declared rights. The opposite of this is ex rights.
Cum-Dividend/Distribution Date
The trading day before the ex-dividend/distribution (ex-d) date. It is the last day on which the securities can be traded and on which the buyer is entitled to the dividend/distribution.
Dd
Daily Price Limit
The maximum price advance or decline permitted for a futures contract in one trading session compared to the previous day’s settlement price.
Day Order
An order that is valid only for the day it is entered. If the order is still outstanding when the market closes, it will be purged overnight.
Debenture
A long-term debt instrument issued by corporations or governments that is backed only by the integrity of the borrower, not by collateral. A debenture is unsecured and subordinate to secured debt. A debenture is unsecured in that there are no liens or pledges on specific assets.
Defensive Stock
A stock purchased from a company that has maintained a record of stable earnings and continuous dividend payments through periods of economic downturn.
Delayed Delivery Order
A special term order in which there is a clear understanding between the buying and selling parties that the delivery of the securities will be delayed beyond the usual three-day settlement period to the date specified in the order.
Delist
The removal of a security’s listing on a stock exchange. This is done when the security no longer exists, the company is bankrupt, the public distribution of the security has dropped to an unacceptably low level, or the company has failed to comply with the terms of its listing agreement.
Delisted Issue
The status of a security that is no longer listed on the Exchange. The security could trade on another market.
Delisted Issuer
An issuer whose securities are no longer listed o |
|
|
<< 1 2 3 4 5 6 7 8 9 10 11 12 13 14 >> |
|
|
«Back
|
|
| |
|
