Same Store Sales

Sales at retail stores or restaurants open at least one year. A chain’s same store sales growth excludes gains due to increases in the number of stores. Same store sales growth in the 5 percent to 10 percent range is considered good.

Screening

Searching the entire universe of mutual funds or stocks meeting user-specified criteria.

Seat

The traditional term for membership on a stock exchange. An investment dealer or brokerage buys a seat on the exchange and one employee is designated as the seat holder. As Toronto Stock Exchange is now demutualized, there are no longer seats on the exchange.

Secondary Offering Financing

The dollar value of secondary offering securities issued in accordance with a TSX or TSX Venture Exchange approved transaction. It is the stated prospectus price multiplied by the “number of securities issued under the offering plus the over allotment”.

Sector Funds

mutual funds specializing in a particular industry sector such as computers, or health care.

Securities

Transferable certificates of ownership of investment products such as notes, bonds, stocks, futures contracts and options.

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).

Record Date

This is the date that a stock must be in your account for you to receive a dividend. The record date has nothing to do with how we trade stock splits.