The execution and clearing of orders by one member of a stock exchange for the account of another member. For example, investment dealer A is a small firm whose volume of business is not sufficient to [..]

A financial statement showing a company's assets, liabilities and shareholders' equity on a given date. It shows what the company owns and what debts it owes. Balloon

The central bank of Canada, founded in the 1930s to facilitate the functioning of the financial system. The Bank of Canada issues and removes bank notes, acts as the federal government's financia [..]

A type of short-term negotiable debt instrument issued by a non-financial corporation, such as Ford or General Motors, but guaranteed as to principal and interest by its bank. The guarantee reduces ri [..]

The legal status of an individual or company which is unable to pay its creditors and whose assets are therefore administered for its creditors by a trustee in bankruptcy. Basis Point

A market in which prices are declining. A "bear" is a person who expects that the market or the price of a particular security will decline. Bearer Security

The real owner of a security. An investor may have securities registered in the name of a broker, trustee or bank to facilitate transfer or to preserve anonymity, but the investor is the beneficial ow [..]

The highest price a person is willing to pay for a security. Blue Chip Stocks

A slang term for laws various Canadian provinces and American states have enacted to protect the public against securities frauds. The term "blue skyed" indicates that a new issue has been c [..]

A certificate which is evidence of a debt on which the issuer promises to pay the holder a specified amount of interest for a specified length of time, and to repay the loan on its maturity. Strictly [..]