Glossary
- Basis price
- The price expressed in terms of yield to maturity or annual rate of return.
- Basket
- The purchase or sale of equity securities, which comprise a pre-defined group of securities.
- Bear
- An investor who believes that prices are going to fall.
- Bear market
- A prolonged period of generally falling prices.
- Bearer security
- A security whose owner is not registered on the books of the issuer.
- Bed-and-breakfast deal
- Selling shares one day and buying them back the next, for tax purposes at the end of the financial year.
- Benchmark
- A standard used for comparison
- Beneficial owner
- The true owner of a security. The registered holder of the shares may act as a nominee to the true shareholder.
- Best ask
- The lowest quoted offer of all competing Market Makers to sell a particular stock at any given time.
- Best bid
- The highest quoted bid of all competing Market Makers to buy a particular stock at any given time.