When a broker who has direct access to a stock exchange performs trades for a broker who does not have direct access to a stock exchange. A fraudulent activity where two brokers trade a penny stock ba [..]

The New York Mercantile Exchange (NYMEX) is the world’s largest physical commodity futures exchange in terms of market capitalization.

Absolute return is the return that an asset achieves over a certain period of time. It differs from relative return, since it isn’t measured against any benchmark or against the return of any other as [..]

The accounting reference date marks the end of the annual accounting period. Synonym: Balance sheet date.

An accumulated dividend is a dividend that has not yet been paid out to the holders of cumulative preference shares. On the company books, the amount will be carried forward as a liability until it is [..]

Aktiengesellschaft is the German term for a joint-stock company. The legal basis for an Aktiengesellschaft in Germany is the German Aktiengesetz. Aktien means shares and Gesellschaft in this context m [..]

An order that mustn’t be partially filled. If it isn’t possible to fill the whole order in one transaction, no transaction is allowed to take place.

In the context of stock trading on exchanges, the ask price is the lowest price at which a potential seller is willing to sell a specified number of shares in a certain company. Synonym: Offer price

An asset-backed bond is a bond secured by loans or by money owed to a company for merchandise or services purchased on credit. One common example of a situation where an asset-backed bond is created i [..]

The total number of shares a company is authorized to issue. In most jurisdictions, this limit is outlined in the company’s memorandum, the company’s articles of association, the company’s articles of [..]