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Investors buy shares directly from fund, and sell shares directly to fund. Share price is Net Asset Value (NAV).

An order that remains in the system for more than a day. See Good-Till-Cancelled or Good-Till-Date.

A special-term order placed with the intention of trading at a later date when the price of the stock reaches the specified stop price. An on-stop order becomes a limit order once a trade at the trigger price has occurred.

A market that has only buy orders or only sell orders booked for a particular security.

The government agency that administers the Securities Act (Ontario) and the Commodity Futures Act (Ontario) and regulates securities and listed futures contract transactions in Ontario.

Profits a company can be expected to achieve taking out cyclical effects and unusual events such as one-time write-offs caused by late product releases, customer bankruptcies and the like. 

A block of stock consisting of less than 100 shares. When odd lots trade, a premium is usually tacked on by the specialist or market maker. These receive the least favorable price and trade last.

A special term order when one or more participants in the trade is not a Canadian resident.

A special-term order when there is a clear understanding between the buying and selling parties that they will settle the trade directly with each other.

Expenses not due to basic business of company.