Computershare Investor Centre - Australia

Investor Centre - Australia

Australiaselect
English
This page provides definitions for commonly used financial terms.

By Alphabet

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Balance
This shows how many securities you hold in a specific class
Bancs (TCS Bancs)
The trade and settlement system operated by the New Zealand Clearing Corporation Limited.
Bank Cheques
A bank cheque is a cheque drawn by a bank on itself
Bankruptcy
A person who is declared bankrupt (either at his/her own request, or at the request of his/her creditors)
Bear Market
A market condition in which prices decline sharply against a background of widespread pessimism. The opposite of bull market
Benchmark
A comparison between the performance of a fund against an index
Beneficial Holder
Person/s or entity deemed to be the rightful owner of securities
Beneficiary
A person who gains or benefits from a will
Bid
An offer made by an investor, a trader or a dealer to buy a security
Blue Chip Securities
Shares of a company known for its ability to make profits in good and bad times. The term has become generic, meaning quality securities
Board of Directors
Those people who have been elected to direct the running of a company. Directors must be re-elected regularly to retain their position
Bonds
A loan for a fixed period of time at a fixed rate of interest which can be traded on the share market. Generally issued by a government or semi-government body, as a tradable debt Security to raise money. Holders receive a fixed rate of interest for their loan. Once the maturity date is reached the bond is repaid with interest
Bonus Issue
Issue of shares to existing Investors without any monetary cost on a rights basis
Bookbuild
A process by which institutions participating in a float trade shares with each other in order to determine a final unit price, which can then be used as the basis to allocate shares to all applicants who applied for shares in a float
Broker
An agent who handles Investors orders to buy and sell securities, commodities, insurance policies or other property. For this service a commission is charged which depending upon the broker and the amount of the transaction may or may not be negotiated
Broker Firm
The offer to investors to apply for an allocation of securities from a NZX firm that has obtained a Firm Allocation
Broker Sponsored
Broker Sponsored means the securities are managed by a broker. If you want to switch brokers, you must arrange to have the holding transferred. Broker Sponsored shares have a Holder Identification Number (HIN) prefixed with an "X".
Broker transfer (On market transfer)
Electronic transfer of stock from one holder to another through a Broker
Brokerage
A Fee paid to Brokers for buying or selling of securities. The Fee is set by the Broking Firm and could be a percentage of the amount you invested
Broker-dealer
See also Dealer. An investment professional who buys and sells stocks for his own portfolio or for his firm's portfolio, rather than for the general public. S/He makes money by buying stock low and selling it high. These investment professionals are usually known as broker-dealers.
Bull Market
A market where it is generally anticipated that the prices of securities will rise.
The opposite of bear market.
See also Bear Market
Business Day
Hours when businesses are in operation. The conventional business day is 8.30 A.M. to 5.00 P.M Monday to Friday
Buy Back
An offer made by an Issuer to its shareholders, to buy back a certain number of shares
The purchase can occur either on or off-market
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