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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The term for an illegal miner in South Africa is Zama Zama, which means "people who try" in Zulu. Illegal miners are also known as "Galamsey". South Africa has many disused mines where the shafts... read more
The currency of South Africa. The currency is also used in Lesotho and Namibia while other countries in the area have pegged their currencies to the rand. The rand took over from the British... read more
The ZARX is a registered stock exchange in South Africa. It aims to become a pan-African with a relatively low cost structure. It boasts settlement in T+0 - which compares to the JSE's... read more
Products which do not attract value added tax (VAT). The zero-rating of various food stuffs and other products, like educational products, is designed to help poor people to survive and... read more

A securities market where the total of capital gains made by investors exactly equals the total of capital losses by other investors,... read more

Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. The process starts from a "zero-base" and each new item must be... read more
A zero coupon bond is one where the interest (or coupon) on the bond is capitalised into the final redemption price. In other words, the bond pays no interest but... read more

A base metal which is used mainly for galvanising to prevent corrosion of iron or steel. It is also used in various alloys with other metals... read more

A company that cannot pay the interest on its debts. The term originates in Japan where companies were sustained by the banking sector during the "lost decade" in the 1990's. Subsequently, in... read more