Speculator

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

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.

Dollar Cost Averaging

Investing a fixed amount of dollars in a specific security at regular set intervals over a period of time. Dollar cost averaging results in a lower average cost per share, compared with purchasing a constant number of shares at set intervals. The investor buys more shares when the price is low and buys fewer shares when the price is high.