1. What dose it refer secondary market?

Ans : A market in which existing securities are traded, as opposed to a primary market, in which securities are sold for the first time. 2. What do you mean by secured liability? Ans : A debt against which the borrower has provided sufficient assets as security to safeguard the lender in case of non-repayment. 3. What dose it refer self-assessment? Ans : A system that enables taxpayers to assess their own incame tax and capital gains tex liabilities for the year. 4. What do you mean by set-off? Ans : An agreement between the parties involved to set off one debt against a gain. 5. What is share option? Ans : A benefit sometimes offered to employees, especially new employees, in which they are given an option to buy shares in the company for which they work at a favorable fixed price or at a started discount in the UK. 6. What do you mean by share premium? Ans : The amount payable for shares in a company and issued by the company itself in excess of their nominal value. 7. What is share premium account? Ans : The account to which the premium must be credited for shares issued at a premium. 8. What do you mean by soft lone? Ans : A loan with an artificially low rate of interest. 9. What is spot market?

Ans : A market that deals in commodities of foreign exchange for immediate delivery. 10. What do you mean by stag? Ans : A person who applies in new issues in the hope that price when trading begins will be higher then the issue price? 11. What do you mean by standard rate? Ans : The rate of value added tax applied to all items sold by taxable persons that are not specified either exempt supplies, zero-rated goods and services, or taxable at a special rate. 12. What dose it refer stop-loss order? Ans : An order placed with a broker in a security or commodity market to close an open position at a specified price in order to limit a loss. 13. What is by subsidy? Ans: A payment by a government to producers of certain good to enable them to sell the goods to the public at a low price, to compete with foreign competition, to avoid making redundancies and creating unemployment, etc. 14. What do you mean by sunk capital? Ans : The amount of an organizations funds that has been spent and is therefore no longer available to the organization, frequently because it has been spent on either unrealizable or valueless assets. 15. What do you mean by sunk costs? Ans : Expenditure, usually on capital items, that once having incurred can be included in the books of account as an asset, although this value cannot be recovered. 16. What do you mean by registered company?

Ans : A company incorporated in England and Wales or Scotland by registration with the Registrar of companies. 17. What do you mean by proposed dividend? Ans : A dividend that has been recommended by the directors of a company but not yet paid. 18. What do you mean by prospectus? Ans : A document that gives details about a new issue of shares and invites the public to buy shares or debentures in the company. 19. What do you mean by premium income? Ans : The total income of an insurance policy premiums. What do you mean by premium offer? 20. Ans : A special offer of a domestic product advertised on the package of some other product. 21. What do you mean by per value? Ans : The nominal price of a share or other security. 22. What is net margin? Ans : The gross margin less all the other costs of an organizations in addition to those included in the cost of goods sold. 23. What do you mean by news release? Ans : A brief written statement sent to the press describing a companys new product, product improvement, price change, or some other development of interest. 24. What do you mean by nominal interest rate? Ans : The interest rate on a fixed-interest security calculated as a percentage of its par value rather than its market price. 25. What do you mean by nominal price?

Ans : A minimal price fixed for the sake of having some consideration for a transaction. 26. What do you mean by non-profitably sampling? Ans : A technique in marketing research in which the researcher uses his own direction, instead of random selection, in choosing a representative sample of people to interview. 27. What do you mean by notary public? Ans : A legal practitioner, usually a solicitor, who is empowered to attest deeds and other documents and notes dishonored bills of exchange. 28. What do you mean by national income? Ans : Income that is not received although it might be deemed to be properly chargeable to income tax. 29. What do you mean by offer price? Ans : The price at which a security is offered for sale by a market maker and also the price at which an institution will sell units in a unit trust. 30. What do you mean by official rate? Ans : The rate of exchange given to a currency by a government. 31. What do you mean by open economy? Ans : An economy in which a significant percentage of its goods and service are traded internationally. 32. What do you mean by operating budget? Ans : A forecast of the financial requirements for the future trading of an organization, including its planned sales, production, cash flow, etc. 33. What do you mean by operating system? Ans : The collection of programs that controls the basic operation of a computer.

34. What do you mean by operations? Ans : A set of activities concerned with transforming resource imputes into desired outputs, i.e. goods or services. 35. What do you mean by option? Ans : The right to buy or sell a fixed quantity of commodity, currency or security at a particular date at a particular price? 36. What do you mean by kerb market? Ans :The former practice of trading on the street after the formal close of business of the London Stock Exchange? 37. What is issue price? Ans : The price at which a new issue of share is sold to the public. 38. What is joint venture? Ans : A commercial undertaking entered into by two or more parties, usually in the short term. 39. What dose it refer golden share? Ans : A share in a company that controls at least 51% of the voting right. 40. What do you mean by float? Ans : The proportion of a corporations stocks that are held by the public rather than the corporation. 41. What do you mean by annual general meeting? Ans : Annual general meeting of the share holders of a company. 42. What do you mean by boom? Ans : The part of the business cycle that follows a recovery, in which the economy is working at full capacity.

43. What do you mean by broker? Ans : An agent who brings two parties together, enabling them to enter into a contract to which the broker is not a principal. 44. What does it refer capital budget? Ans : The sum allocated by an organization for future capital expenditure. 45. What is capital risk? Ans : The risk, in lending operation, that the capital amount of the investment may be less then its par value, even maturity. 46. What do you mean by capital turnover? Ans : The ratio of sales of company or other organization to its capital employed. 47. What is bear? Ans : A dealer on stock exchange, currency market or commodity market, who expects prices to fall. 48. What dose it refer bear raid? Ans : A concerted attempt to force down by one or more bears is called a beer raid. 49. What do you mean by dividend waiver? Ans : A decision by a major shareholder in a company not to take a dividend, usually because the company cannot afford to pay it. 50. What do you mean by dividend warrants? Ans : The cheque issued by a company to its shareholders when paying dividends. 51. What do you mean by underwriter?

Ans : A person who examines a risk, decides whether or not it can be insured, and if it can, works out the premium to be charged, usually on the basis of the frequency of past claims for similar risks. 52. What do you mean by s&p 500? Ans : Abbreviation for Standard and Poor`s 500 stock index. 53. What is BLACK MONDAY? Ans : Stock market crashes occurred in the 20th century. The original Wall Street crash occurred on Monday, 28 October 1929 when the dow jones average lost by 13 percent. 54. What is blue chip? Ans: Colloquial name for any of the ordinary shares in the most highly regarded companies traded on a stock market. 55. What do you mean by bonus? Ans : An extra payment made to employees by the management, usually as a reward for good work or to compensate for something. 56. What do you mean by bonus dividend? Ans : A dividend issued to a share holder in addition to those expected. 57. What is book value? Ans : A contract in which a person pays premium to an insurance company.