Per capita income

The avarage income of a group obtained by dividing the groups total income by its number of members

Personal financial planning

Financial planning for individuals which involves analysing their current financial position predicting their short-term needs and recommending a financial strategies.

Appropriation

Authorised expenditure of a government entitys general fund and special revenue funds as aproved by the legislative and executive authories of entity and set forth in the annual budget

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.