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Recommend pageGlossary T to Z
- TecDAX
- definition:Replacement for the NEMAX 50, which tracks the 30 largest technology stocks.
- Futures trading
- definition:Security or commodity transaction which is not settled in the spot market but at a later date.
Security or commodity transaction which is not settled in the spot market but at a later date. In Germany, the Eurex (formerly Deutsche Terminbörse, DTB) is the main futures trading exchange.
- Treasury
- definition:Management of the company’s cash.
- Management board
- definition:At the top of a stock corporation are the supervisory board and the management board.
At the top of a stock corporation are the supervisory board and the management board. The management board manages the company’s day-to-day affairs.
- Preference shares
- definition:Preference shares generally do not have any voting rights.
Preference shares generally do not have any voting rights. In return for this, they offer holders certain advantages (minimum dividend, duty to pay omitted dividend at a later date etc.).
- Convertible bond
- definition:The holder of a convertible bond can convert it into shares during the term of the bond at a predefined ratio.
The holder of a convertible bond can convert it into shares during the term of the bond at a predefined ratio. Whether this is in the holder’s interests or not depends on the price of the stock. If the conversion right is not exercised, the bond is repaid upon expiry.
- XETRA-computer trading
- definition:Computer-based share trading system, which permits trading outside the opening hours of the physical stock exchanges.
Computer-based share trading system, which permits trading outside the opening hours of the physical stock exchanges. Trading times are currently between 9:00 AM and 8:00 PM.