List of Glossary Terms

The PDSnet Glossary of Terms contains definitions and explanations for over 2600 financial market terms. These definitions are constantly kept up-to-date with current topical examples from the markets. They are also updated for changes in legislation and current events like COVID19 and the July 2021 civil unrest.

The terms in the Glossary are directly linked to all PDSnet articles, confidential reports, lecture modules and other material. This means that a client reading one of our publications can immediately see which terms are defined in the Glossary and click through to read the definition. Terms within the definitions in the glossary are similarly linked, which gives the Glossary an enormous educational depth share market investors.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Numeric Latest


UMBERRIMAE FIDEI
A latin phrase meaning "the utmost good faith" and used primarily in the insurance industry to describe the requirement for full disclosure by a policyholder.
 
UBUNTU

A Zulu word which has found its way into the socio-economic jargon of the South African economy - and even into ideas on corporate governance. The... read more

 
SHAREHOLDERS FUNDS

The money which shareholders have invested in a company - as opposed to third parties like banks. These funds are derived from the sale of... read more

 
SHAREHOLDER OF REFERENCE

A large, but not necessarily controlling shareholder. For example, PSG owns 30,7% of Capitec - which is a very substantial holding, but it does not have... read more

 
SHAREHOLDER OF RECORD
Share owner of company stock as registered in company files.
 
SHAREHOLDER

A person (natural or juristic) who owns shares. Shareholders have certain rights - (1) they are entitled to attend and vote at the company's annual general... read more

 
SHAREFRIEND

ShareFriend is our in-house brand of technical analysis software, offering an extremely user-friendly interface, perfect for both the beginner and professional... read more

 
SHARE TRANSACTIONS TOTALLY ELECTRONIC
An electronic settlement system for the South African equities market.
 
SHARE SPLIT

Where a company decides to divide its existing issued share capital into more shares to increase tradability. For example, if a company with... read more

 
SHARE SELECTION

The choosing of shares to include in a watch list or portfolio. Together with your timing, your choice of which share to buy is critical to... read more

 
SHARE OF MIND

A concept originated by Warren Buffett which refers to the general awareness in a population of a particlar product. For example, Buffett says that Coca-Cola... read more

 
SHARE MARKET

A market place where securities or investment products can be bought and sold. The share market is, in fact, two markets – the primary... read more

 
SHARE DEALER

Someone who deals in shares as their business. A person or organisation that buys and sells shares can be declared by the Receiver of Revenue to be a share... read more

 
SHANGHAI COMPOSITE INDEX

This is the main index used to measure the size and performance of the Shanghai Stock Exchange located in Shanghai in China. It is a Paasche index... read more

 
SHADOW

The wick or tail, at one end or both, designating the high and/or low prices for the period upon which a candle is based. In order... read more

 
SENSITIVITY
The rate of change of the moving average in response to the movement of the underlying data. The most sensitive period is that in which the rate of change of the moving average is fastest... read more
 
SHARE CAPITAL

A figure on the balance sheet representing the amount of money raised by the company through the issue of shares to the public. A company... read more

 
SHARE BUY BACK

The Companies Act (71 of 2008) allows a company to buy back its own shares in the open market, provided it can pass a solvency and... read more

 
SHARE

A part-ownership of a company. The ownership of companies is divided into individual shares which, if the company is listed on the JSE, can... read more

 
SHANGHAI STOCK EXCHANGE

The Shanghai Stock Exchange (SSE) is based in Shanghai and is the largest stock exchange in China. It is the 4th largest stock exchange in the world with... read more

 
SHALE GAS

This is a natural gas that is trapped in shale formations. Shale formations are fine grained sedimentary rock formations that are often rich sources of... read more

 
SHADOW BANKING

The taking of deposits and on-lending of money outside of normal banking regulations. Banks effectively create money in the economy because they... read more

 
SETTLEMENT PRICE
The last price for a futures contract on any trading day, as determined by the exchange on which the futures contract is traded. The market may not actually have traded... read more
 
SETTLEMENT PERIOD
One of the prescribed portions of the year for the settlement of Krugerrands (the weeks are numbered from 1 to 52, starting in January).
 
SETTLEMENT DATE

The date on which the transaction is due to be settled. In the STRATE environment transactions become due to be settled a prescribed number of days after... read more

 
SETTLEMENT
The price at which all outstanding positions in a share or commodity are marked to market. Typically, the closing price.
 
SERVICES

The service sector includes a number of services, like education, banking, cell phones, office cleaning, professional services, health care and entertainment.... read more

 
SERVICE COMPANY

A service company is one which sells some type of service to the public rather than a physical product. Service companies do not have the usual working... read more

 
SEPARATION OF OWNERSHIP FROM MANAGEMENT

The principle of a separation of ownership from management is what distinguishes sole traders, partnerships and other types of commercial... read more

 
SENTIMENT

This term is used to describe the general "mood of the market". Sentiment is usually bullish or bearish - meaning that investors as... read more