Speculator

Someone prepared to accept calculated risks in the marketplace for attractive potential returns.

Split Shares

Capital and preferred shares issued by a split-share corporation. A split-share corporation holds common shares of one or more companies. The corporation then issues two classes of shares – capital shares and preferred shares. The objective is to generate fixed, cumulative, preferential dividends for the holders of preferred shares and to enable the holders of the capital shares to participate in any capital appreciation (or depreciation) in the underlying common shares.

Good Till Canceled

An order placed with a broker meaning that it is good until either filled or canceled. In practice, this order has to be re-confirmed twice annually.

GARP

Growth at a reasonable price. A strategy of buying stocks whose price/earnings ratio is equal to or less than the estimated annual earnings growth rate.