List of Glossary Terms

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


UAT
11 - 05 - 2020
Union Atlantic (UAT) is a junior mining operation which seeks to exploit base metals and minerals through brownfield exploration (development where the minerals have already... read more
 
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 word means "humanity" and has come to symbolise... read more
 
UCP
06 - 04 - 2020
Unicorn Capital (UCP) is a company which outsources mainly to the coal mining industry. The company has been listed in the JSE's fledgling division since 1993 and went through... read more
 
UMBRELLA BOTTOM
This is the name that technicians give to the bottom formation of a share price where it drifts out slowly from a strong downward trend and then begins to tentatively move upwards into a new... read more
 
UMBRELLA TOP
A cycle top on a chart which drifts out and down in a gradual loss of momentum. This is as opposed to a "V" top which is very sharp and sudden. Also called an Umbrella Top, a Frying Pan Top,... read more
 
UNABLE
A working order which has not yet been able to be executed.
 
UNBUNDLE
To dispose of a subsidiary by handing the shares which the parent company holds directly to the parent company’s shareholders in proportion to their holdings. In some cases, unbundling... read more
 
UNCOVERED OPTION
The purchase or sale of an option without a position in the underlying futures contract; also known as a "naked option".
 
UNDER-PRICED
A security which is below its "real" value. Obviously, the real value of a share (or any other security) is a matter of opinion, so a share can be under-priced for some analysts and over-priced... read more
 
UNDERLYING FUTURES CONTRACT
The specific futures contract that the option conveys the right to buy (in case of a call) or sell (in the case of a put).  
 
UNDERLYING INSTRUMENT
A trading instrument subject to purchase upon exercise of a derivative instrument such as a future or option.  
 
UNDERWRITING
An agreement to buy all the units of a new issue not sold by a specific day. Banks typically underwrite new share issues, thus assuring the issuing company that all shares will be taken up.
 
UNEMPLOYMENT
The number or percentage of people in the economy who are trying to find work and cannot. In a first-world economy, this means that as many as 5% to 10% of workers can be unemployed depending... read more
 
UNENCUMBERED ASSETS
These are assets which have not been used in any way as a surety for any debt.
 
UNICORN
A startup company, usually in high-tech or communications that reaches a valuation of over $1bn. The term was coined by the venture capital investor, Aileen Lee, in a 2013 New York Times Article,... read more
 
UNICORN CAPITAL PARTNERS LIMITED
06 - 04 - 2020
Unicorn Capital (UCP) is a company which outsources mainly to the coal mining industry. The company has been listed in the JSE's fledgling division since 1993 and went through... read more
 
UNIFORM GIFTS TO MINORS ACTS
A law that allows minors to own property without the use of a trust.
 
UNIMPAIRED
An adjective to describe an asset the value of which does not need to be reduced for any reason. For example, a debtors book may need to be impaired because some of the debtors will turn out... read more
 
UNION ACTIVITY
Union activity is a major problem in South Africa where labour legislation is skewed heavily in favour of employees and against employers. Strikes are common place in all of our labour-intensive... read more
 
UNION ATLANTIC MINERALS LIMITED
11 - 05 - 2020
Union Atlantic (UAT) is a junior mining operation which seeks to exploit base metals and minerals through brownfield exploration (development where the minerals have already... read more
 
UNIT TRUST
A collective investment scheme (in terms of the Collective Investment Schemes Act 45 of 2002) consisting of a management company like STANLIB and a trustee company (usually a bank) that invests... read more
 
UNIT TRUST CONTROL ACT
This act was replaced by the Collective Investment Schemes Control Act (45 of 2002).
 
UNIVERSAL PARTNERS LIMITED
10 - 06 - 2020
Universal Partners (UPL) is an investment holding company with a primary listing in Mauritius and a secondary listing on the Alt-X of the JSE. It listed in 2013 and has made... read more
 
UNLISTED INVESTMENT
A balance sheet item, normally shown by way of a note, and indicating share investments held by the company in unlisted companies which may be private or public.
 
UNSYSTEMATIC RISK
A term to describe that risk which attaches to a specific investment - as opposed to systematic risk which pertains to the market as a whole.
 
UPL
10 - 06 - 2020
Universal Partners (UPL) is an investment holding company with a primary listing in Mauritius and a secondary listing on the Alt-X of the JSE. It listed in 2013 and has made... read more
 
UPSIDE BREAK
An upward break above some form of resistance. Quite often a share's price will get stuck below a resistance line. When it breaks above this resistance that is known as an "upside break". Consider... read more
 
UPSIDE POTENTIAL
The potential for, and the extent to which, a specific security is likely to increase in value in the near future. As a private investor, your main focus should be on finding those shares with... read more
 
UPTHRUST
Occurs when price moves above a pivot top and a widespread reversal ensues as follows: a) two previous closes are reversed, b) close is below pivot top, c) close is below opening and mid-range,... read more
 
UPTREND
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
 
UPWARD MARKET
A market where the average of all shares is rising such that each high is higher than the previous high and each low is higher than the previous low. Bull markets generally last for between 3... read more
 
UPWARD TREND
A long period of consistently rising share prices, or index levels. Usually such trends last from 2 to 4 years. During a bull trend you should be 100% invested in the share market, because about... read more