All-or-None Order

An order that must be filled completely or the trade will not take place.

Alberta Securities Commission (ASC)

The provincial regulatory agency responsible for overseeing the capital marketin Alberta.

Agent

A securities firm is classified as an agent when it acts on behalf of its clients as buyer or seller of a security. The agent does not own the security at any time during the transaction

Better-Price-Limit Orders

An order with a limit price better than the best price on the opposite side of the market. A better-priced buy order has a limit price higherthan the best offering. A better-priced sell order has a limit price lower than the best bid. These are available only at the opening.

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.