This page provides definitions for commonly used financial terms.
- Occurs when the takeover has reached the unconditional level
- A financial institution that buys all stocks of a company during its initial public offering and then sells them to the public for a profit.
- An organisation which guarantees to the company that the funds sought through a capital raising will be raised and any shortfall will be taken up by the underwriter
- The guarantee by an organisation to a company that that the funds sought through a capital raising will be raised and any shortfall will be taken up by the underwriter
- A dividend paid to a shareholder that has not been subjected to tax
- A form of collective investment constituted under a trust deed
- A Company and/or shares that are not available for purchase or sale through the stock exchange
- Securities which do not meet the listing requirements of the NZX may be quoted and traded on the secondary board known as the Unlisted Securities Facility
- A number of shares less than a marketable parcel
- A loan made granted by the note holder to an Issuer for a fixed period of time at a fixed rate of interest and is not secured by the Issuer and is not secured by any of its assets