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.
| SUPPORT LINE |
On a chart, a line drawn indicating the price level at which falling prices have stopped falling and have moved sideways or reversed direction.... read more |
| SUPPORT |
A historical price level at which falling prices have stopped falling and either moved sideways or reversed direction; usually seen as a price chart... read more |
| SUPPLY |
An economics term which refers to the availability in the economy of a particular good or service. If a good or service is in short supply... read more |
| SUPPLEMENTARY BUDGET |
A budget which is produced by the Minister of Finance outside of the normal budget times. The budget is usually tabled at the end of February and then up-dated... read more |
| SUPER-SECTOR |
The industry classification benchmark (ICB) developed by Dow Jones and Financial Times Stock Exchange (FTSE) in 2005 currently includes over... read more |
| SUM-OF-THE-PARTS |
A method of valuing a company by valuing its separate divisions of parts and then adding them up to arrive at a total value for the company. This gives... read more |
| SUKUK |
An investment certificate or bond which is compliant with Islamic Shariah law. South Africa has a Muslim population of approximately 2m people. In... read more |
| SUBSTITUTE |
In micro-economics, a product which can be used by a consumer to replace another product. For example, rice can be substituted for maize meal as a carbohydrate... read more |
| SUBSISTENCE FARMER |
A form of farming where nearly all crops or livestock raised are used to maintain the farmer and the farmer's family, leaving little for sale or trade. |
| SUBSIDIARY |
The Companies Act (71 of 2008), states that a company is considered to be a subsidiary of another company if the parent company owns more... read more |
| SUBSCRIBER |
A term from the old Companies Act used to refer to those people who start a company. With the advent of the new Companies Act (71 of 2008) in May... read more |
| SUBSCRIBED CAPITAL |
Shares that have been applied for by members of the public but not yet allocated or allotted. If a share issue is very popular, it can often attract more... read more |
| SUBORDINATED TERM DEBT |
Debt with a redemption date and which ranks below senior debt and secured debt in the case of liquidation. |
| SUBORDINATED DEBT |
Also called "junior debt" this is a category of debt instruments which have a lower priority than senior debt on liquidation. So in... read more |
| SUB-PRIME CRISIS |
In 2007/8 the property market in America collapsed. Mortgage bonds on tens of thousands of properties had been securitised and sold to banks... read more |
| SUB-SECTOR |
A breakdown of the shares in a sector into separate categories. For example, the mining sector is divided into five sub-sectors - gold,... read more |
| STUDY LINES |
This heading includes a wide variety of lines that can be added to a chart to make it more predictable. For example, a trendline can be added connecting... read more |
| STRUCK |
The price at which an exercised option delivers the underlying securities. |
| STRONG HANDS |
Investors in a particular share who are in possession of information which convinces them of the good prospects of a company. This means that... read more |
| STRIPS |
An option strategy in which an investor buys one call and puts two on the same underlying security with the same exercise price and expiration date. |
| STRIKE PRICE |
The price per unit at which the holder of an option may receive or deliver the underlying unit; also known as the exercise price. |
| STRIKE ACTION |
Strike action is a major factor in labour-intensive industries in South Africa - like the mining industry and the metals industry. The labour legislation... read more |
| STREET NAME |
Stock ownership in which shares are registered to a brokerage or other financial institution and held. |
| STRATEGIC LAWSUIT AGAINST PUBLIC PARTICIPATION |
Also known as "Slapp" lawsuit, this is an action initiated by a powerful or wealthy person or organisation to muzzle an activist and ruin them financially. An... read more |
| STRATE SETTLEMENT COST |
A tiny percentage of the value of all transactions, the Strate Settlement Cost is about 0,00546% of the value of transactions up to a value of R200 000. |
| STRATE |
South Africa's central securities depository. The name "STRATE" is an abbreviation of "Share TRAnsactions Totally Electronic". All the trades done on the JSE... read more |
| STRANGLE |
The purchase or sale of an equivalent number of puts and calls on an underlying security with the same expiration date but a different exercise... read more |
| STRADDLE |
The purchase or sale of an equivalent number of puts and calls on an underlying security with the same exercise price and expiration date. |
| STOPS |
Buy stops are orders that are placed at a predetermined price over the current price of the market. The order becomes a "buy at the market"... read more |
| STOPPAGE |
In the mining industry, in terms of section 54 of the Mine Health and Safety Act (29 of 1996), the Mine Health and Safety Inspectorate can order the mine... read more |