- This shows how many securities you hold in a specific class
- The trade and settlement system operated by the New Zealand Clearing Corporation Limited.
- A bank cheque is a cheque drawn by a bank on itself
- A person who is declared bankrupt (either at his/her own request, or at the request of his/her creditors)
- A market condition in which prices decline sharply against a background of widespread pessimism. The opposite of bull market
- A comparison between the performance of a fund against an index
- Person/s or entity deemed to be the rightful owner of securities
- A person who gains or benefits from a will
- An offer made by an investor, a trader or a dealer to buy a security
- Shares of a company known for its ability to make profits in good and bad times. The term has become generic, meaning quality securities
- Those people who have been elected to direct the running of a company. Directors must be re-elected regularly to retain their position
- 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
- Issue of shares to existing Investors without any monetary cost on a rights basis
- 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
- 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
- The offer to investors to apply for an allocation of securities from a NZX firm that has obtained a Firm Allocation
- 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".
- Electronic transfer of stock from one holder to another through a Broker
- 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
- 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.
- A market where it is generally anticipated that the prices of securities will rise.
The opposite of bear market.
See also Bear Market
- Hours when businesses are in operation. The conventional business day is 8.30 A.M. to 5.00 P.M Monday to Friday
- 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