List of Glossary Terms
| T |
The symbol for a transaction's date used by the JSE. Thus T is the date on which a transaction takes place, T+1 is the next trading day, T+n is the day after that and so on. Today the JSE guarantees... read more |
| T-BILLS |
Instruments for short-term borrowing employed by governments. The bills are issued by tender to the money market. Usually, when economists refer to Treasury bills (or T-Bills as they are known)... read more |
| TAIL |
A candlestick charting term which refers to the extent to which a share's price trades below its open, in a green candle or its close in a red candle. In candlestick charting the candle is coloured... read more |
| TAIL |
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 to create a candlestick chart, you must have a data set that... read more |
| TAILINGS |
Residue ore from which precious metals or base metals have been extracted. As mining technology advances it is often possible to re-process tailings and extract additional metals... read more |
| TAINTED SCRIP |
Shares certificates and other securities which are fraudulent or forged. Since the advent of dematerialisation all shares have been converted to electronic records maintained by STRATE. One of... read more |
| TAKE-HOME PAY INDEX |
An index prepared by Bankserv Africa which incorporates just over one third of salary and wage payments, mostly from large corporates but also from some mid-sized companies. About 30% of payments... read more |
| TAKE-OVER |
The situation where one company makes an offer for some or all of the shares of another company. The offer to existing shareholders is usually pitched at a price well above the existing market... read more |
| TAKE-UP DATE |
The date by which the new shares issued in terms of a rights issue must be taken up. On the ex-rights day (i.e. the day after the take-up date) the right are worth nothing. A rights... read more |
| TAKE-UP PRICE |
The price at which shares subject to a rights issue must be bought. Normally this price is below the market value of the shares, so that the rights themselves have a value. If the rights are... read more |
| TAKEOVER PANEL |
A panel of 17 people whose job it is to examine mergers and acquisitions or any transaction which might change the control of a company. The panel includes the commissioners of the Competition... read more |
| TAKING A VIEW |
This phrase has two meanings. Firstly, it can refer to an investor taking a bullish or bearish view of the market depending on whether he believes market trends will rise or fall - usually this... read more |
| TANGIBLE ASSET |
An asset which can be touched, and more particularly, sold for somewhere close to its book value. Tangible assets include assets such as land, buildings, equipment, vehicles, and furniture. This... read more |
| TANGIBLE NET ASSET VALUE |
A company's net asset value (NAV) is obtained by subtracting the value of all its liabilities (except for the owners' equity) from the value of all its assets. Normally... read more |
| TANGIBLES |
Cash equivalents of the futures contracts. |
| TANKAN |
A quarterly business confidence indicator produced by the Bank of Japan (BOJ) for the Japanese economy. The Tankan is an important economic indicator and can sometimes influence... read more |
| TARGET |
The Reserve Bank, through its Monetary Policy Committee (MPC) strives to keep the inflation rate between 3% and 6%. They target the CPI-X which is the CPI without the effect of interest rates.... read more |
| TARGET RANGE |
The Reserve Bank, through its Monetary Policy Committee (MPC) strives to keep the inflation rate between 3% and 6%. They target the CPI-X which is the CPI without the effect of interest rates.... read more |
| TARIFF |
A tax or levy which is added to the cost of imports by a country, usually to protect its local industry. Tariffs increase the cost of imported goods making locally produced goods more... read more |
| TAX AVOIDANCE |
The organisation of a person's financial affairs in such a way as to minimise their tax liability within the requirements of the Income Tax Act (58 of 1962). In other words, avoidance... read more |
| TAX BASE |
The group of people and companies in a country who pay tax. One of the most challenging problems of the new South Africa has been to widen the tax base to include more people. Obviously, if the... read more |
| TAX BRACKET |
A bracket of personal taxable income which determines how much tax an individual has to pay. In the tax year ending on 28th February 2021, the tax threshold below which tax is not payable is... read more |
| TAX COMPLIANT |
A term used to describe a business which complies with the requirements of the Income Tax Act (58 of 1962). Tax compliance levels in business are a function of how well the Receiver of Revenue's... read more |
| TAX EVASION |
A criminal offence committed by someone who does not declare their tax position correctly in their tax return, thereby defrauding The Receiver of of Revenue of taxes due. Evasion differs from... read more |
| TAX EXEMPT SAVINGS ACCOUNT |
The TFSA was brought in in 2015 to encourage people to save. It is a savings account which attracts no income tax, capital gains tax or interest tax. Each natural person can have one TFSA into... read more |
| TAX HAVEN |
A country which has very low effective tax rates and sometimes also keeps the names and details of the individuals who invest there secret. Multi-national companies in particular make... read more |
| TAX RESIDENT |
In terms of the Income Tax Act (1962), an individual who is ordinarily resident in South Africa under common law - or someone who meets the physical presence test. The physical presence test... read more |
| TAX THRESHOLD |
The maximum amount of taxable income which an individual can have without exceeding their primary rebate. In the tax year ending on 28th February 2021, in terms of the tax tables, and individual's... read more |
| TAX YEAR |
The financial year of the government. In South Africa our fiscal year runs from 1st March until the 28th or 29th of February the following year. Our budgets are made for this fiscal year and... read more |
| TAX-DEFERRED |
In which an investment allows an investor to postpone paying taxes on money put into the investment until the investor literally takes possession of the money invested. |
| TAXABLE INCOME |
Your taxable income is your total income for the tax year less whatever expenses you have incurred in generating that income. Once you have calculated your taxable income you can subtract any... read more |
| TAXATION |
The amount paid to the government by individuals and companies to provide funds for the fiscus to meet government expenses. In South Africa there are various forms of taxation.... read more |
| TAXATION TREATY |
An agreement between two countries to avoid the double taxation of individuals and companies. Such treaties usually define the tax which a country can levy on a taxpayer's income, capital... read more |
| TCS |
03 - 01 - 2020 This company claims to be an IT company supplying software and administration services to municipalities and provincial governments. It has no active website and the share... read more |
| TDH |
26 - 05 - 2020 Tradehold (TDH) is a real estate investment company with property in the UK (42,7%) and Southern Africa which is 48% owned by Christo Wiese. 40% of its assets are in the UK... read more |
| TECH SHARES |
Technology shares world-wide are becoming more and more important as computers, cell phones and the internet become more powerful and ubiquitous. In America, most tech shares are listed on the... read more |
| TECHNICAL |
The analysis of group investor behaviour, as reflected in the patterns of share prices and volumes, indices, exchange rates and other data streams. More commonly known as charting, this consists... read more |
| TECHNICAL ANALYSIS |
The analysis of group investor behaviour, as reflected in the patterns of share prices and volumes, indices, exchange rates and other data streams. More commonly known as charting, this consists... read more |
| TECHNICAL ANALYST |
A person who studies and makes use of patterns within the prices of shares and other securities. Technical analysis aims to develop a profitable trading strategy... read more |
| TECHNICAL INDICATOR |
A technical indicator is a mathematical formula which is applied to price and volume data for shares (and other securities) to identify and isolate patterns which may then be used to predict... read more |
| TECHNICAL INSOLVENCY |
A situation where a company's liabilities exceed its assets. This does not mean that it cannot continue in business, especilly if it is taking steps to alleviate the situation. For example, the... read more |
| TECHNICAL RECESSION |
Two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP), |
| TECHNICAL RISK |
The risk inherent in the volatility of a share's price on the JSE - as opposed to the fundamental risk that the company's business will become less profitable. Obviously technical and fundamental... read more |
| TECHNICALLY |
The analysis of group investor behaviour, as reflected in the patterns of share prices and volumes, indices, exchange rates and other data streams. More commonly known as charting, this consists... read more |
| TECHNICIAN |
A technician is an investor who strives to predict the future progress of a share's price by studying patterns in its past price and volume performance. Technicians study the charts of shares... read more |
| TECHNOLOGY |
This refers to the use of scientific advances to improve efficiency and productivity. Technology has a massive and growing impact on the share markets of the world. Many companies... read more |
| TELEGRAPHER'S EQUATION |
... read more |
| TERM INSURANCE |
Insurance which is aimed at covering you for a specific risk like your death or disability or the theft of your car or a house fire. This is as opposed to endowment insurance which is a type... read more |
| TERM STRUCTURE |
Also known as yield curve. The slope of the term structure is the yield on long-term government bonds minus the yield on short-term instruments such as Treasury bills. |
| TERMINATION |
A term decribing the removal of a company from the JSE and the termination of its listing. Companies delist for a number of reasons, but usually because their share is very thinly traded or is... read more |
| TERMS OF TRADE |
A ratio which expresses a country's exports as a percentage of its imports. A ratio above 100% shows that the country is exporting more in value terms than it is importing with... read more |
| TEXTAINER GROUP HOLDINGS |
17 - 08 - 2020 Textainer (TXT) is one of the world's largest lessors of containers with 3,5m twenty-foot-equivalent... read more |
| TFSA |
The TFSA was brought in in 2015 to encourage people to save. It is a savings account which attracts no income tax, capital gains tax or interest tax. Each natural person can have one TFSA into... read more |
| THE MINERALS COUNCIL OF SA |
Previously known as the Chamber of Mines, this organisation represents employers in the mining industry in South Africa. Its objective is to support and promote mining in this country. It was... read more |
| THETA |
The measurement of the time decay of a position. |
| THINLY TRADED |
A term used to describe a share which has a very small number of shares changing hands each day. The first criteria which a private investor should look at when assessing a share is its average... read more |
| THIRD WORLD COUNTRY |
Originally, this meant a country which was not aligned to NATO or the Soviet Union during the cold war. First world countries were those aligned to NATO and America and second world were... read more |
| THL |
15-07-2020 Tsogo Sun Hotels (THL) was split out of Tsogo Sun (TSG) in June 2019 and separately listed to house Tsogo's hotels and hospitality business. The company is a major supplier of... read more |
| THREE BLACK CROWS |
A candlestick formation which signals the end of an upward trend. It consists of three consecutive downward candles (black or red) with long bodies, each lower than the one... read more |
| THREE BUDDHA TOP |
A charting formation at the top of a cycle. The price chart forms three peaks the middle one of which is the highest. The "left shoulder" is generally reckoned to be where the "smart" money sells... read more |
| THREE MOUNTAINS TOP |
A top reversal signal in technical analysis which signals the end of a well established uptrend. The formation occurs when the price chart of a share or another security forms three peaks at... read more |
| THREE RIVER BOTTOM |
A technical analysis formation used to predict the bottom of a downward trend. Triple bottoms are quite rare in charting and they indicate a very strong base for upward movement. The pattern... read more |
| THREE TIMES VOLUME RULE |
Probably the most important criteria for you as a private investor when looking at which shares to purchase, this rule requires that you assess whether a security has sufficient volume traded... read more |
| THRUST |
A comparison between the price difference of successively lower pivot bottoms or higher pivot tops. For example, a reduction in the difference between pivot bottoms shows loss of momentum; an... read more |
| TICK |
A short horizontal line off a bar chart showing the opening price (to the left) or the closing price (to the right). |
The number of stocks whose last trade was an uptick or a downtick. |
| TICK SIZE |
A short horizontal stroke on a bar graph showing the price at which the share closed. |
| TIER 1 CAPITAL |
The equity and retained earnings of a bank. This is its best capital also called its "core" capital. Only 15% of this capital is allowed in terms of the Basel III... read more |
| TIER 2 CAPITAL |
That portion of a bank's capital that consists of hybrid instruments, undisclosed reserves, revaluation reserves and sub-ordinated term debt. In terms of the Basel III Accord, banks... read more |
| TIGHT MONETARY POLICY |
An individual on the Monetary Policy Committee (MPC) who is against reducing interest rates to stimulate the economy - the opposite of a "dove". The Central Bank... read more |
| TIGHTLY HELD |
A term used to describe a share which has a very small number of shares changing hands each day. The first criteria which a private investor should look at when assessing a share is its average... read more |
| TIME AND SALES |
Official exchange transcript of the prices at which a futures contract traded, as well as the precise times at which such trades occurred. |
| TIME SERIES |
A data stream is any continuous flow of end-of-day financial data. The most common form of this is the end-of-day high, low, open, close and volume for each listed equity share. But there are... read more |
| TIME SERIES MOVING AVERAGE |
A time series moving average is not really a moving average in the strictest sense. It draws a line which is the end of a regression line. A regression line is a line through a set of points... read more |
| TIME VALUE |
The difference between the premium paid for an option and the intrinsic value. As the option approaches expiration, the time value erodes, eventually to zero. |
| TIME VALUE DECAY |
A term which describes the fact that the time value of an option diminishes as the option approaches the expiry date. Time value decay follows a negative exponential curve, which is to say that... read more |
| TIP |
If you talk about the stock market socially with your friends and colleagues at work, you will certainly get tips on what to buy and what to sell from time to time.� The person who gives... read more |
| TIP SHEET |
A newsletter, which concentrates on giving its readers hot tips regarding which share to buy and sell and when to transact. Such letters should be followed with caution, and their advice used... read more |
| TOKYO STOCK EXCHANGE |
The stock exchange of Japan. The Nikkei index of the 225 largest companies trading on the TSE gives a very good idea of the performance of this market. The TSE opens in the early morning South... read more |
| TOKYO STOCK PRICE INDEXES |
A range of indexes (known as the Topix) weighted for the free-float market capitalisation calculated in real time by the Tokyo Stock Exchange (TSE). The broadest index is the Topix... read more |
| TOO LATE TO CANCEL |
When a trader attempts to modify or replace an order that has already been executed but not yet reported as having been filled, the order is said to be too late to cancel. |
| TOP |
The highest point on a share price or other graph over a defined period. Obviously, as a private investor, you will be trying everything you know to determine the moment at which a share's price... read more |
| TOP 40 INDEX |
An index of the 40 biggest companies trading on the JSE. This is a weighted index for the market capitalisation of the companies it includes and their "free... read more |
| TOP DOWN |
An approach to financial analysis which begins with a company's financial statements and attempts to assess how the company is doing based on what they contain. As opposed to a bottom-up approach... read more |
| TOP FORMATION |
A term used in technical analysis to describe a formation at the top of a trend which signals that the trend is likely to change and become a downward trend. Examples of such formations include... read more |
| TOP REVERSAL SIGNAL |
A term used in technical analysis to describe a formation at the top of a trend which signals that the trend is likely to change and become a downward trend. Examples of such formations include... read more |
| TOTAL CLIENT SERVICES LIMITED |
03 - 01 - 2020 This company claims to be an IT company supplying software and administration services to municipalities and provincial governments. It has no active website and the share... read more |
| TOTAL EQUITY |
Money balance figure calculated by adding futures open trade equity (the gain or loss on open futures positions) to cash balance.
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| TOUCH POINTS |
A touch point is a the point on a chart where the share (or other data stream) touches a trendline. The more touch points that a trendline connects the more reliable it becomes. Consider the... read more |
| TOURISM |
An industry focused on supplying the needs of people traveling on holiday. This industry provides a wide variety of accommodation from hotels to camp sites and bed and breakfast establishments.... read more |
| TOUT |
If you talk about the stock market socially with your friends and colleagues at work, you will certainly get tips on what to buy and what to sell from time to time.� The person who gives... read more |
| TOWER BOTTOM |
A candlestick reversal signal which is the opposite of the tower top formation. The Tower Bottom, also call the Spike Bottom, takes form beginning with a long red candle followed by three or... read more |
| TOWER TOP |
A candlestick top reversal signal formed at the top of a well established trend in an uncertain market. The Tower Top, also call the Spike Top, takes form beginning with a long green candle followed... read more |
| TRADABLE INDEX |
An index which can be traded through some type of derivative contract such as a futures contract. Derivative instruments like futures enable investors to buy or sell various JSE indexes either... read more |
| TRADE |
The purchasing and selling of goods and services both within an economy and internationally between economies. Goods and services are exchanged for money. For trade to occur, it... read more |
| TRADE ACCOUNT |
This, together with the Capital Account make up the Balance of Payments. The Trade Account shows the country's exports minus its imports - are we selling more to overseas people than they are... read more |
| TRADE AND OTHER PAYABLES |
Amounts owing to the company's creditors in the balance sheet. These appear under current liabilities. These amounts are owed by the company in the short term (normal... read more |
| TRADE DEFICIT |
A trade deficit occurs on the trade account of the balance of payments (BOP) when imports are greater than exports. Imports are usually a function of activity levels in the... read more |
| TRADE SURPLUS |
The trade account shows the value of South Africa's merchandise exports minus its merchandise imports. If the exports exceed the imports during a particular period, then the account is said to... read more |
| TRADE UNION |
The trade union movement in South Africa has become a major force since the advent of democracy in 1994. The union movement was an important component of the ANC's gaining power and the labour... read more |
| TRADE-WEIGHTED |
A term used to describe the strength of a currency based on its relationship to other world currencies in proportion to that country's trade with them. Thus the rand can fall against the... read more |
| TRADEABILITY |
The ease with which a share can be traded. Some shares are free-dealing and highly tradeable, others are tightly held. |
| TRADEHOLD LIMITED |
26 - 05 - 2020 Tradehold (TDH) is a real estate investment company with property in the UK (42,7%) and Southern Africa which is 48% owned by Christo Wiese. 40% of its assets are in the UK... read more |
| TRADER |
An individual who trades securities with a relatively short-term horizon. Most securities can be traded on an organised exchange and a trader is trying to make a short-term speculative... read more |
| TRADING ACCOUNT |
The first account in the profit calculation where a company's variable (also called direct) costs are subtracted from its turnover (sales plus other incomes). A variable cost is one which goes... read more |
| TRADING ASSETS |
Usually taken as the company's debtors and stock - in other words, the assets which are normally tied up in the direct running of the business. |
| TRADING BANDS |
Lines surrounding an index or indicator - also called trading bands. For example Bollinger Bands. |
| TRADING BANDS |
Lines plotted in and around the price structure to form an envelope, answering whether prices are high or low on a relative basis and forewarning whether to buy or sell by using indicators to... read more |
| TRADING DAY |
A normal business day during which trades can be made on the JSE - usually from 9am until 5pm. There are approximately 250 trading days in the year and 22 on average per month. End-of-day's data... read more |
| TRADING DENSITY |
A term used to describe the ratio of sales to floor space in shopping malls. Real estate investment trusts (REIT) that own shopping malls watch the trading density in those shopping malls closely.... read more |
| TRADING FLOOR |
A large room where stockbrokers gather during specific hours every working day to trade shares and other instruments on behalf of their clients and for their own account. There are very few trading... read more |
| TRADING IDEA |
A strategy for making money from an investment. This can be as simple as buying a share which you think is going to go up, to complex strategies involving the use of derivative instruments and... read more |
| TRADING PARTNER |
This refers to another country with whom trade relations have been established. South Africa has many trading partners, but the main ones are the UK, Europe, America, Japan and China. The volume... read more |
| TRADING PLATFORM |
A website through which orders can be placed to buy or sell shares by a stockbroking firm's clients. To open an account with a stockbroker it is necessary to complete a mandate.... read more |
| TRADING RANGE |
The difference between the high and low prices traded during a period of time; in commodities, the high/low price limit established by the exchange for a specific commodity for any one day's... read more |
| TRADING STATEMENT |
Listed companies are required by the JSE rules to publish on the Stock Exchange News Service a statement which gives an indication of their financial results which are about to be published.... read more |
| TRADING STRATEGY |
A pre-determined concrete plan for buying and selling which does not rely on any abstract or subjective input. So, for example, you may decide to buy a certain share when its price moves above... read more |
| TRADING UPDATE |
A report on its recent operational acitivites given by a listed company in the interests of keeping its shareholders up to date. Unlike a trading statement, a trading update (sometimes called... read more |
| TRAILING STOP ORDER |
This special order type allows the trader to profit from favourable movement in the market while having the protection of a Stop order. But it frees the trader from having to constantly monitor... read more |
| TRANSACTION TIMING |
The exact point in time when the purchase or sale of an investment is executed. Transaction timing can have a significant impact on the profitability of an investment. In an investment,... read more |
| TRANSFER AGENT |
Financial institution that manages ownership records of company stock. |
| TRANSFER DEEDÂ |
A form required by the Companies Act (71 of 2008) for the transfer of shares (and other securities) from one person to another. This form is also known as a CM42. The form... read more |
| TRANSFER FORM |
A form required by the Companies Act (71 of 2008) for the transfer of shares (and other securities) from one person to another. This form is also known as a CM42. The form... read more |
| TRANSFER FUNCTION |
The mathematical relationship between the output of a control system and its input for a linear system, it is the Laplace transform of the output divided by the Laplace transform of the input... read more |
| TRANSFER PAYMENT |
A government payment where no goods or services are given in return. For example, in South Africa the old age pension and child pensions are examples of transfer payments. |
| TRANSFER PRICING |
A method of moving profits out of a high-tax regime into a low tax regime, used by multinational companies with subsidiaries or business interests in a variety of countries. By selling product... read more |
| TRANSFER SECRETARY |
A transfer secretary is responsible for maintaining a company's share register and ensuring that it is always kept up to date. They also assist with the paying of dividends... read more |
| TRANSFORM |
A process to change or convert. For example, a simple moving average is a filter to reduce noise; the moving average is the transform function.
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| TRANSMUTED LISTING STATEMENT |
A statement which must be published by a listed company when it undergoes a major change such as a reverse takeover, a change of control or a major acquisition... read more |
| TREASURY |
The National Treasury falls under the Ministry of Finance and is established in terms of section 13 of the constitution to manage the government's finances. Through the Treasury the country's... read more |
| TREASURY BILLS |
Instruments for short-term borrowing employed by governments. The bills are issued by tender to the money market. Usually, when economists refer to Treasury bills (or T-Bills as they are known)... read more |
| TREASURY SHARES |
Shares of a company which it has bought back from shareholders. Treasury shares are normally destroyed, thereby reducing the number of shares which the company has in issue and so benefiting... read more |
| TREND |
The general drift, tendency or bent of a set of statistical data as related to time. There are two types of primary trend - "bull trends" which are upwards and "bear trends" which are downwards.... read more |
| TREND DAY |
A day in which the price of a futures contract moves consistently away from the opening range and does not return to the opening range prior to the close. |
| TREND FOLLOWING |
Moving in the direction of the prevailing price movement. |
| TREND LINE |
A line joining the high points on a bear trend and the low points on a bull trend. When the price breaks through the trend line this gives a trading signal. This is probably the simplest, but... read more |
| TRENDING DOWN |
A period when the price of a share (index or other security) falls. Normally a downtrend can be clarified with the addition of a downward trendline which connects the successive lower highs of... read more |
| TRENDING MARKET |
Price moves in a single direction, generally closing at an extreme for the day. |
| TRENDING UP |
A period where a security's value and price move generally upwards. Uptrends can last from a few minutes to a decade or longer. The key is to determine when a new uptrend has begun so that you... read more |
| TRENDLESS |
Price movement that vacillates to the degree that a clear trend cannot be identified. |
| TRI-STAR |
A candlestick formation consisting of three consecutive doji candles found at either the top or bottom of a trend which signal the reversal of the trend. This is a very rare formation and should... read more |
| TRIANGLE FORMATION |
A charting pattern that exhibits a series of narrower price fluctuations over time; top and bottom boundaries need not be of equal length. Trendlines are usually drawn along the upper highs and... read more |
| TRIANGULAR MOVING AVERAGE |
A moving average in which each day's data are multiplied by a weight that increases in value at steady increments to a peak value and then declines to zero at equivalent increments. The sum of... read more |
| TRIN |
Also known as TRading INdex (TRIN): An advance/decline stock market indicator. A reading of less than 1.0 indicates bullish demand, while greater than 1.0 is bearish. The... read more |
| TRIPLE BOTTOM FORMATION |
A technical analysis formation used to predict the bottom of a downward trend. Triple bottoms are quite rare in charting and they indicate a very strong base for upward movement. The pattern... read more |
| TRIPLE TOP FORMATION |
A top reversal signal in technical analysis which signals the end of a well established uptrend. The formation occurs when the price chart of a share or another security forms three peaks at... read more |
| TRIPLE WITCHING |
The simultaneous expiry of equity options, index options and index futures. This occurs every three months on the 3rd Friday of March, June, September and December... read more |
| TROY OUNCE |
A measure of weight used with precious metals. A troy ounce is just over 31,1 grams. The name dates back to the 16th Century. An ounce used in America is about 28.4 grams. |
| TRUE RANGE |
The largest of the following: Today's high minus today's low, today's high minus yesterday's close, today's low minus yesterday's close. |
| TRUE STRENGTH INDEX |
A momentum indicator developed by William Blau that double-smoothes the ratio of the market momentum to the absolute value of the market momentum. |
| TRUST |
A legal persona which is established by a founder and administered by trustees on behalf of beneficiaries. In South Africa a trust is either inter vivos or testamentary. An inter vivos... read more |
| TRUSTEE |
An individual or corporate entity that administers assets on behalf of other people (usually known as "beneficiaries"). A registered trust is required to have a founder and trustees.... read more |
| TSE |
The stock exchange of Japan. The Nikkei index of the 225 largest companies trading on the TSE gives a very good idea of the performance of this market. The TSE opens in the early morning South... read more |
| TSOGO SUN HOTELS LIMITED |
15-07-2020 Tsogo Sun Hotels (THL) was split out of Tsogo Sun (TSG) in June 2019 and separately listed to house Tsogo's hotels and hospitality business. The company is a major supplier of... read more |
| TSUTSUMI |
In candlestick terminology, a multiple candlestick line pattern; a major reversal signal with two opposing-color real bodies making up the pattern (also referred to as a tsutsumi). An engulfing... read more |
| TULIP SECTOR |
A sector that is the intense focus of speculators at the moment. |
| TURNING POINT |
The approximate time at which there is a change in trend. |
| TURNOVER |
A figure in the income statement of a company's financial statements which consists of the company's total sales or income figure. |
| TWEEZER BOTTOM |
A bottom reversal pattern comprising of at least three candles and which signals the beginning of an upward trend. The Tweezer bottom requires that the last two candles in the formation have... read more |
| TWEEZER TOP |
A top reversal candlestick formation consisting of three candles, the last two of which have the same, or nearly the same, highs. It does not matter whether these highs are shadows, bodies or... read more |
| TWENTY-FOOT EQUIVALENT UNIT |
A twenty-foot equivalent unit (TEU) is a container of a standardised size suitable for international imports and exports. Millions of TEU's are transported around the world every day in... read more |
| TWIN PEAKS |
This is a new regulatory environment for the banking and financial markets, first introduced by the then Minister of Finance, Pravin Gordhan on February 2011. In terms of the twin peaks model,... read more |
| TWO-WAY PRICE |
When both a bid and offer forex rate is quoted by the dealer. |
| TXT |
17 - 08 - 2020 Textainer (TXT) is one of the world's largest lessors of containers with 3,5m twenty-foot-equivalent... read more |