Glossary of Terms

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There are currently 15 names in this directory beginning with the letter A.
Accredited Investor
An accredited investor is a person or a business entity who has access to substantially the same information concerning the issuer that is required in a prospectus.
Accrued Interest
Interest that is earned on a security but not yet paid to the investor.
The gradual purchase of a single security over a long period of time as opposed to a single purchase all at once. This is done to avoid driving up the price of the security
An affiliated body corporate or affiliated person within the meaning of Section 4 (2) of the Securities Act, 2012
Alternative Trading System (ATS)
- is not a quotation and trade reporting system or a securities exchange

  • does not—

    • require an issuer to enter into an agreement to have its securities traded on the securities market;

    • provide, directly or through one or more subscribers, a guarantee of a two-sided market for a security on a continuous or reasonably continuous basis;

    • set requirements governing the conduct of subscribers, other than conduct in

Annual Report
A comprehensive report that a company must provide to its shareholders every year. It provides information about the company's financial condition and operations over the past year. (All reporting issuers are required to file an Annual Report with the Commission within four months of the end of their financial year).
A financial product sold by an insurance company that provides a guaranteed fixed stream of payments to the holder for a specified period of time. Annuity plans provide a way for individuals to receive regular income after retirement.
Approved Foreign Issuer
that is at the relevant date the equivalent of a reporting issuer under the securities laws of a designated foreign jurisdiction;

  • that has been for the three years immediately preceding the relevant date the equivalent of a reporting issuer under the securities laws of a designated foreign jurisdiction;

  • that is subject to foreign disclosure requirements; and

  • that has a class of securities listed for trading on a recognized securities exchange in a designated foreign jurisdiction.

Approved Rating
An investment grade rating or higher from a designated rating organization.
Ask Price
This is the price that a seller is willing to accept for a security. Also known as the Offer Price.
A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
Asset Allocation
The process whereby an investor spreads his/her investments across different asset classes such as stocks, bonds and cash. This is an investment strategy that aims to reduce the risk and maximise the returns from the investor's investments.
Asset Class
A category of assets that share similar characteristics. The three main asset classes are stocks, bonds and cash.
Asset-backed security
Any security that is primarily serviced by the cash flows of a distinct pool of receivables or other financial assets, either fixed or revolving, that by their terms, convert into cash within a finite time period, together with any rights or other assets designed to assure the servicing or timely distribution of proceeds to security holders
When used to indicate a relationship with any person, means—

  • an entity of which that person beneficially owns or controls, directly or indirectly, either shares or securities currently convertible into shares, carrying more than twenty per cent of the voting rights;

  • a partner of that person acting on behalf of the partnership of which they are partners;

  • a trust or estate, in which that person has a substantial beneficial interest or in respect of which he serves as a trustee, legal representative or in a similar capacity;

  • a spouse or child of that person; or

  • a relative of that person if that relative has the same residence as that person

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