Double option

It gives the right to buy or sell at the prevailing price on the day options arranged over the following three months period.

A put option

It gives the right to sell at prevailing prices on the day the option is arranged over the following three months period.

A call option

It gives the right to buy a given share at the prevailing prices on the day the option is arranged at time over the following three months

Blue chips

This are high grade eguity shares i.e the ordinary shares of companies which have a good dividend records extending over many over years such shares are in high demand in the stock exchange.

Gilt edged securities

Thase are securities sold by the goverment, these are considered as absolutely save regarding to the payment of interest and refund of capital.

The governer must go! mps say

Kenya parlimentary committee that was investigating the reason behind down fall of the kenya shilling. They have recomended the kenya central bank boss to step down, or failer to do the president forms a commision.They blame the central bank governer for failing to act fast to save the shilling and for not doing enough to control banks who were manupulating the trading of the currency.Last year the shilling hit all time low, just in four months the currency lost almost 30%. but thanks to the late intervention by monitary committee who is chaired by the governer.the shilling as now regained its ground.

Clean flatuating

A government policy allowing a countries currency to flatuate without direct intervention in the foreigh exchage markets.

Endowment fund

A non profit organization fund whose principle must be maintained permanenly or temporary and whose income is expendable by the organization for a specified or elective purpose

Encumbrances accounting

An accounting method for government funds of a government entity that entails a debit to encumrances and a credit to fund balance reserved for encumbrances when purchase orders or contract for nonrecovering expenditure are issued by the funds

Economic unit concept

A concept of consolidated financial statement of a parent company and one or more partially owned subsidiaries that views the consolidated enterprise as a single entity with ownership by parent company stockholders and subsidiary minority stockholders