The Kenya Association of Stockbrokers and Investment Banks is an association that represents the interests of Kenyan stockbrokerage and investment banking companies. It was initially founded as the Association of Kenya Stockbrokers (AK
This is a long term debt instrument issued by companies for a fixed rate of interest over a stipulated period. They can be secured against assets held by the company or can be unsecured, backed only by the integrity of the borrowing company. Interest is paid at specified dates regardless of whether the company registered profits or not. Convertible debentures can be either fully or partly converted to ordinary shares after a stated period of time.
Averaging Down
Buying more shares in a company at a price that is lower than the price paid for the initial investment. The aim of averaging down is to reduce the average cost per share bought.
Indenture
This is a contract between the issuer of a bond and the bond holders specifying interest rates, maturity date, rights, responsibilities and terms of both parties.
Open Order
This is an order to buy or sell securities that has not been executed or cancelled. This usually happens because some requirement e.g. specified price has not yet been met.
Investment Advisor
A person or organization employed by an individual, institution or mutual fund to provide investment advice or manage assets.
Investor Word
Debenture
This is a long term debt instrument issued by companies for a fixed rate of interest over a stipulated period. They can be secured against assets held by the company or can be unsecured, backed only by the integrity of the borrowing company. Interest is paid at specified dates regardless of whether the company registered profits or not. Convertible debentures can be either fully or partly converted to ordinary shares after a stated period of time.
Averaging Down
Buying more shares in a company at a price that is lower than the price paid for the initial investment. The aim of averaging down is to reduce the average cost per share bought.
Indenture
This is a contract between the issuer of a bond and the bond holders specifying interest rates, maturity date, rights, responsibilities and terms of both parties.
Open Order
This is an order to buy or sell securities that has not been executed or cancelled. This usually happens because some requirement e.g. specified price has not yet been met.
Investment Advisor
A person or organization employed by an individual, institution or mutual fund to provide investment advice or manage assets.