Bid

The highest price a buyer is willing to pay for a stock. When combined with the askprice information, it forms thebasis of a stock quote.

Bid Size

The aggregate size in board lots of the most recent bid tobuy a particular security.

Black-Scholes Model

A mathematical model used to calculate the theoretical price of an option.

Blue Chip Stocks

Stocks of leading and nationally known companies that offer a record of continuous dividend payments and other strong investment qualities.

Board Lot

A standard trading unit as defined in UMIR (Universal Market Integrity Rules). The board lot size of a security onToronto Stock Exchange or TSX Venture Exchange depends on the trading price of the security, as follows:
*. Trading price per unit is less than $0.10 - board lot size is 1,000 units
*. Trading price per unit is$0.10 to $0.99 - board lot size is 500 units
*. Trading price per unit is$1.00 or more - board lot size is 100 units

Bonds

Promissory notes issued by a corporation or government to its lenders, usually with a specified amount of interest for a specified length of time.

Book

An electronic record of all pending buy and sell ordersfor a particular stock.

Booked Orders

Orders that do not trade immediately upon entry. These orders are also known as outstanding orders.

Bought-Deal Underwriting

A type of underwriting where the brokerage firm acts as principal. The brokerage firm risks its own capital to purchase all of the securities to be issued. If the price of the securities decreases before the brokerage firm has had a chance to resell the securitiesto its clients, the firm absorbsthe loss

British Columbia International Commercial Arbitration Centre (BCICAC)

An arbitration centre established to resolve business disputes that have not been resolved through normal channels. As part of its services, the centre will accept claims up to $50,000 from clients of participating members of the Investment Dealers Association of Canada(Pacific Division) and TSX Venture Exchange.