Business English

kieszonkowy poradnik 

biznesowo-językowy

Business English

Language Guide

ON THE STOCK EXCHANGE

Dear Readers,

Welcome to BEM’s latest business language pocket guide. This time we venture into the intricate maze of the stock exchange.

This guide comprises some of the basic terms of the vast stock exchange wordbook. We believe that with its help you will be able to start your own trip down the exchange’s polished floors and continue from the-re on. So, sink your teeth in and enjoy!

As always, we wish you success in all your endeavours.

Kieszonkowy poradnik biznesowo-językowy

Opracowanie: Daria Frączek

Colorful Media ul. Lednicka 23, 60-413 Poznań

tel. 61 833 63 28, redakcja@business-english.com.pl

Zdjęcie na okładce: Cathy Yeulet

TERM

DEFINITION

POLISH TRANSLATION

(stock exchange) member

a firm of brokers or market makers which may deal in securities on a market on behalf of its clients or itself

członek (giełdy)

(stock market) index

a standard that represents the value of stocks in a market

indeks/wskaźnik giełdowy

(stock)broker

a company or person that provides

advice and arranges the sale or purchase of securities

makler, broker

(stockholder's)

equity

amount representing the type,

class, number, and amount of the shares held by stockholders

kapitał akcyjny

abandonment option

early investment-termination option

prawo wcześniejszego wykupu

Abandonment value

the value of an investment if terminated before it is scheduled to end

wartość przedterminowego wykupu

active (fund) management

identifying stocks that may produce better returns instead of relying on automatic adjustments

aktywne zarządzanie funduszami

advisory broker

a company or person providing investment advice and executing trade, with the client’s express approval

doradca inwestycyjny

All Ordinaries Index

the index of the most active companies listed on the Australian Stock Exchange

All Ordinaries Index

Alternative Investment Market (AIM)

a sub-market of the London Stock Exchange with more flexible rules, for smaller and growing companies

alternatywny rynek papierów wartościowych

Annual General Meeting (AGM)

a meeting informing of a company’s previous and future activities, allowing shareholder involvement in its workings

doroczne walne zebranie

arbitrage

buying securities in one country, currency or market, and selling them in another to capitalize on the price difference

arbitraż

at-best

an instruction to buy or sell securities at the best possible current price in the market

zlecenie po najlepszej cenie

at-or-better

an instruction to only fill a transaction at a specific price or above it

zlecenie po określonej lub lepszej cenie

at-the-money (ATM)

an option with a strike price roughly equivalent to the price of the underlying stock

opcja at-the-money

authorized share capital

the number of stock units that a company can issue as stated in its articles of incorporation

autoryzowany kapitał akcyjny

American style

a security giving the holder the right to exercise it at any time before its expiry

typu amerykańskiego

base currency

the currency of used for measuring the return on an investment

waluta bazowa

basket

a portfolio consisting of shares in more than one company

koszyk

bear

an investor selling securities in hope of buying them back at a lower price, expecting the market to go down

niedźwiedź

bear market

a market in which prices are falling and dealers are more likely to sell than to buy

bessa, rynek niedźwiedzia

bid price

the price at which a market participant is offering to buy

cena oferowana

bid-offer spread

the difference between the highest price that a buyer of a security is prepared to offer and the lowest price that a seller is prepared to accept

spred kupno-sprzedaż

blue chip

a large, well-known company offering stable and consistent dividend earnings

blue chip (duża, zaufana spółka giełdowa)

bond

debt security issued by a government or company entitling the holder to a fixed-rate of interest for a specified length of time and repayment at maturity

obligacja

bonus issue

new shares issued free of charge to existing shareholders in proportion to their holdings, resulting in increased marketability

emisja kapitalizacyjna

broking house

a company dealing in buying and selling stocks and bonds for its clients

dom maklerski, biuro maklerskie

bull

an investor buying securities in hope of selling them at a higher price, expecting the market to go up

byk

bull market

a market in which prices are rising and in which a dealer is more likely to buy than sell

Hossa, boom, rynek byka

call (option)

an option giving the right to buy an asset at a future date at a specified price

opcja zakupu

Capital Gains Tax (CGT)

type of tax levied on capital gains incurred by individuals and corporations

podatek od zysków kapitałowych

cash flow

the movement of money through an organization generated by its internal operations

przepływ gotówki