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A brisk rise following a decline in the general price level of the market or in an individual stock.
Temporary price weakness following a price upswing.
An investment trust that specializes in investing in real estate related investments including mortgages, construction loans, land and real estate securities in varying combinations.
the nominal rate of interest minus the percentage change in the Consumer Price Index (i.e., the rate of inflation).
See Shareholder of Record.
A preliminary prospectus so called because certain information is printed in red ink around the border of the front page. It does not contain all the information found in the final prospectus. Its purpose: to ascertain the extent of public interest in an issue while it is being reviewed by a Securities Commission.
The purchase of securities by the issuer at a time and price stipulated in the terms of the securities.
The price at which debt securities or preferred shares may be redeemed, at the option of the issuing company.
New securities are sold by a government or a company and the money is used to retire existing securities. Object may be to save interest costs, extend the maturity of the loan, or both.
A salesperson employed by a securities firm who must be registered by the Securities Commission of the province in which he or she works.
A security recorded on the books of a company in the name of the owner. It can be transferred only when the certificate is endorsed by the registered owner. Registered debt securities may be registered as to principal only or fully registered. In the latter case, interest is paid by cheque rather than by coupons attached to the certificate. (See also Bearer Security.)
Government-approved savings plans (such as registered pension plans, registered retirement savings plans, and registered retirement income funds) in which funds contributed by individuals are tax-deductible within certain limits and investment earnings accumulate in the plans tax-free until de-registration or maturity of the plans.
Usually a trust company appointed by a company to prevent the over-issue of common or preferred shares. The registrar receives both the old cancelled certificate and the new certificate from the Transfer Agent (which see), records and signs the new certificate. The registrar is, in effect, an auditor checking on the accuracy of the work of the Transfer Agent, although in most cases the Registrar and Transfer Agent are the same trust company.
Before a public offering of new securities by a company or of outstanding securities by controlling stockholders may be made, the securities must be registered under the Securities Act of each province in which the securities will be offered. This usually involves filing a Prospectus.
Unless otherwise stipulated, sellers of stocks must deliver such shares by the fifth full business day after sale.
Usually, a corporation that has issued or has outstanding securities that are held by the public and is subject to continuous disclosure requirements of securities administrators.
Shares that participate in a company's earnings and assets (in liquidation), as common shares do, but generally have restrictions on voting rights or else no voting rights.
The cumulative total portion of annual earnings retained by a company after payment of all expenses and dividends.
A feature which can be included in a new debt or preferred issue granting the holder the option under specified conditions to redeem the security on a stated date one prior to maturity in the case of a bond.
A temporary privilege granted to a company's existing common shareholders to purchase at a stated price and within a specified time period, additional common shares from the company itself.
Rights held by buyers of new issues to withdraw from the purchase contract within two days following purchase for any reason; or to rescind a purchase if the prospectus contained an untrue statement or omitted a material fact.