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money that co mes into company from sales less the money which goes out in purchases or overhead expenditure CASH FLOW

finance for a company in the form of ord i nary shares paid for by shareholders EQUITY FINANCE

organization which takes money from smali investors and invests it in stocks and shares for them, the investment being in the form of units in the fund MUTUAL FUND ownerofbonds BOND HOLDER

money lent orborrowed on which interest is paid PRINCIPAL

datę when a government stock, an insurance policy or a debenture will become due for payment MATURITY DATĘ

slip of paper attached to a bond certificate which can be caslied to provide the annual interest COUPON

not able to pay debts INSOLVENT

person or company that is owed money CREDITOR

which can be deducted from an income before tax is calculated TAX DEDUCTIBLE part of a compan/s profits paid to shareholders DIVIDEND person who owns shares in the company SIIAREIIOLDER become due for payment MATURĘ

medium-term bonds issued by the US government TREASURY NOTES long-term bonds issued by the l'S government TRESURY BONDS British govemment bonds GILTS

market where existing securities are bought and sold again and again SECONDARY MARKET company which buys and sells shares forclients BROKERAGE COMPANY offer to buy sth at a certain price BID

short-term bills of exchange which do not give any interest and are sold by the government at a discount TREASURY BILLS

money produced as a return on investment, sliown as a percentage of the money invested YIELD

part ownership of a company in the form of stocks and shares EQUITY

person who buys and sells shares on the stock market and offers to do so in a certain list of securities MARKET MAKER

price at which a market maker will buy shares on the Stock Exchange BID PRICE price at which a share, a bond is offered for sale OFFER PRICE the difference between the offer price and the bid price SPREAD to remove money from a total DEDUCT

bond officially issued by a company to raise Capital CORPORATE BOND high-interest bonds with high risk of not being repaid HIGH-YIELD BONDS to fail to pay back a debt DEFAULT