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

A special term order in which there is a clear understanding between the buying and selling parties that the delivery of the securities will be delayed beyond the usual three-day settlement period to the date specified in the order.

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.

The removal of a security’s listing on a stock exchange. This is done when the security no longer exists, the company is bankrupt, the public distribution of the security has dropped to an unacceptably low level, or the company has failed to comply with the terms of its listing agreement.

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

The status of a security that is no longer listed on the Exchange. The security could trade on another market.

An analyst employed by a brokerage house such as Merrill Lynch.

A listed issuer is delisted when the last listed security of the issuer is delisted.

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.

The tender and receipt of the underlying commodity or the payment or receipt of cash in the settlement of an open futures contract.