The allocation of new securities to an applicant for a new issue.

Mandatory yearly meeting of a company for the purposes of receiving the directors' report and statement of accounts for the year, declaring a dividend, electing directors and auditors and determining the auditors' remuneration.

A document to be forwarded to shareholders by the directors of a company on an annual basis which contains, amongst others, the annual audited accounts of the company.

Buying on one exchange and selling on another at virtually the same moment to take advantage of a price variation in a company's shares listed on the two exchanges.

A handy yardstick for shareholders. It is the net assets of a company (assets less liabilities) divided by the number of shares.

An instruction given by a client to his broker, for the broker to buy or sell a stock at his (the broker's) discretion.

An order placed which sets a limit on either the lowest or highest price, for which a share is bought or sold.

An instruction to buy or sell at market price. Allows the broker/dealer complete freedom of action. Should be treated with caution and used only when a share must be sold.

Order entry, modification, and cancellation are generally authorised for the instrument.

The nominal amount of capital that a limited company is permitted to raise under the capital clause in its Memorandum of Association.