List of Glossary Terms

The PDSnet Glossary of Terms contains definitions and explanations for over 2600 financial market terms. These definitions are constantly kept up-to-date with current topical examples from the markets. They are also updated for changes in legislation and current events like COVID19 and the July 2021 civil unrest.

The terms in the Glossary are directly linked to all PDSnet articles, confidential reports, lecture modules and other material. This means that a client reading one of our publications can immediately see which terms are defined in the Glossary and click through to read the definition. Terms within the definitions in the glossary are similarly linked, which gives the Glossary an enormous educational depth share market investors.

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When a small amount of data is available for testing, the chi-square formula is adjusted to account for the small sample base.
The end of a company's financial year. Most companies have a year-end at the end of December or June or one which coincides with the tax year end in February, but there are company... read more
A comparison of figures, like prices, revenue or profit compared with the corresponding ones from a year earlier. 
A term which refers to the calendar year which is currently in progress, usually in the context of economic statistics. For example, the level of motor vehicle sales year-to-date... read more
The currency of Japan. The yen is the third most heavily traded currency in the world (after the US dollar and the euro). It began as a free-floating currency after Bretton Woods... read more
  1. The term used by newspapers on their price page for the dividend yield of a company. The dividend yield is the dividends per share... read more

The effective yield on debt instruments of different maturities. In general, the longer the maturity of a debt instrument (such as a government... read more


This concept was developed by Cambell Harvey, a professor of economics at Fuqua School of Business, Duke University. The yield curve inversion occurs when the... read more

The name given to the JSE's currency derivatives market. The Yield-X, established in 2007, allows the trading of derivative contracts (futures and options) on a variety of currency crosses. These... read more

An Act designed to incentivise employers to employ young people in the economy. The Employment Tax Incentive Act (26 of 2013), which is also called the... read more

A comparison of figures, like prices, revenue or profit compared with the corresponding ones from a year earlier. 
The Chinese currency. The yuan is the basic unit of the Chinese renminbi. The word "yuan" means a round object or coin and it was originally derived from the Spanish dollar which was in... read more