Shareholders Equity

The difference between the total of assets and liabilities shown on a company’s balance sheet. Book value is the shareholders equity divided by the number of outstanding shares.

Short

This is a condition resulting from selling an option and not owning the related securities.

Securities Commission

Each province has a securities commission or administrator that oversees the provincial securities act. This act is a set of laws and regulations that set down the rules under which securities may be issued or traded in that province.

Seed Stock

The shares or stock sold by a company to provide start-up capital before carrying out an initial public offering (IPO).

Settlement Date

The date when a securities buyer must pay for a purchase or a seller must deliver the securities sold. Settlement must be made on or before the third business day following the transaction date in most cases.