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 when the market price of a share is less than its original purchase price giving rise to a loss in value which is not a realized loss until the shares are actually sold.
Controlling Interest
This is holding a sufficiently large number of shares in a company to enact changes (or control) in its policies. Ownership of 50% plus one of the equity shares in a company can give an individual or group the voting power to influence a company’s decision. If the shareholding is dispersed among people who do not bother to vote (usually small shareholders), controlling interest of the company can be achieved with shareholding of a lot less than 50%
Receivership
This is a form of bankruptcy where an independent party, the receiver-manager is appointed to run the company to recoup as much of the unpaid loans as possible. A receiver must try to save the firm and if unable to do so it is sold or liquidated.
Trading Floor
This is the arena in a stock exchange where trading activities are conducted. It is also referred to as the pit of the exchange.
Custodian
This is a financial institution with the legal responsibilities and mandate to manage and safe-keep a customer’s securities.
Investor Word
Paper Loss
This is when the market price of a share is less than its original purchase price giving rise to a loss in value which is not a realized loss until the shares are actually sold.
Controlling Interest
This is holding a sufficiently large number of shares in a company to enact changes (or control) in its policies. Ownership of 50% plus one of the equity shares in a company can give an individual or group the voting power to influence a company’s decision. If the shareholding is dispersed among people who do not bother to vote (usually small shareholders), controlling interest of the company can be achieved with shareholding of a lot less than 50%
Receivership
This is a form of bankruptcy where an independent party, the receiver-manager is appointed to run the company to recoup as much of the unpaid loans as possible. A receiver must try to save the firm and if unable to do so it is sold or liquidated.
Trading Floor
This is the arena in a stock exchange where trading activities are conducted. It is also referred to as the pit of the exchange.
Custodian
This is a financial institution with the legal responsibilities and mandate to manage and safe-keep a customer’s securities.