 SECURITY
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| Term
designating stocks, shares or any other transferable security.
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| SETTLEMENT
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| Payment in cash by the buyer and delivery of securities
by the seller on a reciprocal and simultaneous basis.
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| SHARE
TURNOVER
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| Represents the relationship between the total number of
securities traded over a particular period and the average number of
securities outstanding over that period.
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| SHARES
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| Securities
representing equity ownership in a company and conferring shareholder
rights.
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| SOCIETE
D’INVESTISSEMENT A CAPITAL VARIABLE (SICAV)
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| SICAVs
are sociétés anonymes with
corporate status with the sole purpose of investing in transferable
securities. They are created by financial institutions which market them
to investors. Investors subscribe to them by buying shares. There are
different types of SICAV investing in equities, bonds, diversified
assets and money markets.
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| SUBSCRIPTION
RIGHTS
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| Negotiable
right reserved for the shareholders of a company to subscribe for
additional shares in proportion to their existing shareholdings on the
occasion of an increase of capital.
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