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
Bonds are also referred to as fixed income securities. They are promissory notes issued by government and corporations that entitle the investor to a specific interest at specific intervals over a specified length of time and to receive the principal upon maturity. Unlike shares, bonds do not carry with them any sense of ownership but guarantee interest even when the issuer does not register a profit.
Maturity Date
The date on which the principal amount on a debt e.g. bond, is due and is repaid to the investor. The maturity date depends on the terms of the debt.
Investment Advisor
A person or organization employed by an individual, institution or mutual fund to provide investment advice or manage assets.
Bad Delivery
This is when the delivery of a share certificate, together with the deed of transfer is considered defective or if it is not delivered within a stipulated period. Defects may arise from mutilation, correction, overwriting, erasure, alterations, illegibility, inconsistencies in names, missing details etc. In case your stockbroker gives you a bad delivery, he is obliged to get you a replacement of the certificate or the deed of transfer.
New Issue
This is a stock or bond issue being offered for sale to the public for the first time.
Investor Word
Bonds
Bonds are also referred to as fixed income securities. They are promissory notes issued by government and corporations that entitle the investor to a specific interest at specific intervals over a specified length of time and to receive the principal upon maturity. Unlike shares, bonds do not carry with them any sense of ownership but guarantee interest even when the issuer does not register a profit.
Maturity Date
The date on which the principal amount on a debt e.g. bond, is due and is repaid to the investor. The maturity date depends on the terms of the debt.
Investment Advisor
A person or organization employed by an individual, institution or mutual fund to provide investment advice or manage assets.
Bad Delivery
This is when the delivery of a share certificate, together with the deed of transfer is considered defective or if it is not delivered within a stipulated period. Defects may arise from mutilation, correction, overwriting, erasure, alterations, illegibility, inconsistencies in names, missing details etc. In case your stockbroker gives you a bad delivery, he is obliged to get you a replacement of the certificate or the deed of transfer.
New Issue
This is a stock or bond issue being offered for sale to the public for the first time.