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 the right of an ordinary shareholder to vote either in person or by proxy for the members of the board of directors and on other matters of corporate policy. The number of shares an individual owns corresponds to the number of votes he has. So an investor with 1,000 shares has 1,000 votes while an investor with 10 shares only has 10 votes.
Order Imbalance
This is a situation in which buy orders for a particular stock greatly outnumber the sell orders or vice versa, making it impossible to match the orders. It is also referred to as an imbalance of orders.
Joint Bond
This is a bond guaranteed by two or more guarantors, one of them being the issuer. The assets of all the guarantors can be called upon to pay the bond holders in the event that a default occurs. This commonly happens when a parent company is required to guarantee the bonds of a subsidiary company.
Authorized Share Capital
The authorized share capital is calculated by multiplying the nominal share value with the total number of authorized shares. This is stated in the memorandum and articles of association as required by law.
Warehousing
This is a process by which a company gradually builds up a holding of shares in another company it wishes to take over in the future, usually under the name of a nominee.
Investor Word
Voting Right
This is the right of an ordinary shareholder to vote either in person or by proxy for the members of the board of directors and on other matters of corporate policy. The number of shares an individual owns corresponds to the number of votes he has. So an investor with 1,000 shares has 1,000 votes while an investor with 10 shares only has 10 votes.
Order Imbalance
This is a situation in which buy orders for a particular stock greatly outnumber the sell orders or vice versa, making it impossible to match the orders. It is also referred to as an imbalance of orders.
Joint Bond
This is a bond guaranteed by two or more guarantors, one of them being the issuer. The assets of all the guarantors can be called upon to pay the bond holders in the event that a default occurs. This commonly happens when a parent company is required to guarantee the bonds of a subsidiary company.
Authorized Share Capital
The authorized share capital is calculated by multiplying the nominal share value with the total number of authorized shares. This is stated in the memorandum and articles of association as required by law.
Warehousing
This is a process by which a company gradually builds up a holding of shares in another company it wishes to take over in the future, usually under the name of a nominee.