Phantom withdrawals

The removal of funds from bank account through automated teller machine (ATMs) by unauthorized means and without the knowledge or consent of the account holder

Annuity fund

A fund established by a non profit organization to account for asset contributed to the orginization the income from which is the source of fixed periodic payment to designated receipient for a special time period.

Acquisition of common stock

A business combination in which an investor enterprise issue cash or equity or debt securities to acquire a controlling interest in the outstading common stock of an investee enterprise which is not liquidated but become a subsidiary of the investor parent company.

Preferential form(pink form)

An application form in a flotation that is printed on pink paper and usually distributed to embloyees of the company to give them preference in the allocation of shares.

Placing

The selling of shares in a company to a selected group of individuals or companies used in raising additional fund.

What is junk bond

A bond that offers a high rate of interest because it carries a higher than usual probability of default

Who is a jobber

A dealer in stocks and shares who had no contact with the general public except through a stock broker.

Swap

Borrowers can exchange the type of funds most easlly raised for the type of funds required usualy throught the intermediary of a bank

What is Simulation

A financial modelling technique that considers the likely outcomes of different hypothetical circumstances

Share premium

The amount payable for shares in a company and issued by the company itself in excess of their normal value