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Glossary

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  28. 0-9
Settlement date
The date by which an executed order must be settled by the transference of securities and funds between buyer and seller.
Settlement price
The official closing price for a future set by the clearing house at the end of each trading day.
Share price index
An index measuring movements in the prices of shares but not their dividends; as opposed to a total return index, which measures both price movements and dividend income.
Shares
Shares outstanding
The number of shares that have been issued that are actually in the hands of investors.
Short interest
The total number of shares of a security sold short.
Short sale
The sale of a security or commodities futures not owned by the seller at the time of the trade. Short sales are usually made in anticipation of a decline in the price.
SICOVAM code
A 5-digit code allocated to French securities.
Single stock futures
Futures contracts on individual stocks.
Sinking fund
The repayment of debt by an issuer at stated regular intervals through purchases in the open market or drawings by lot.