JUNO DEFINITIONS - S
Scalable: Systems or software that can handle increasing demand, such as more users or data.
Securitisation: The pooling of debt, to on-sell to a third-party investor, who recoups the interest and capital.
Secondary property: Secondary property is property that is missing some key criteria of prime property, such as location, transport accessibility, recent refurbishment, or reliable tenants.
Secondary market: When an asset, unit, or share is resold, rather than being a new offer to the market.
Selldown: Mass selling of shares.
Seed capital: The first money used when you’re starting a business, often coming from the founders’ own personal assets, friends, or family. It covers initial operating expenses.
Shadow Banking: Non-bank unregulated financial institutions, providing credit and capital to borrowers and investors.
Share Buyback: When a listed company buys back its own shares. This reduces the number of shares that are publicly available, usually to drive up their value or to counter takeover threats.
Short Sell: To sell an asset, on the expectation its value will to go down, so it can be purchased again at a cheaper price.
Short Selling: The sale of a security that is not owned by the seller, or that the seller has borrowed (from a broker). Short selling is motivated by the belief that a security’s price will decline, enabling it to be bought back at a lower price, to make a profit.
Smoot-Hawley Tariff: The Smoot-Hawley Tariff Act of 1930 was a piece of US legislation that increased import duties by as much as 50 per cent. It was enacted to protect US farmers and businesses from foreign competition. Other countries retaliated and increased their tariffs. Some blame the Act for worsening the Great Depression.
Speculation: Buying an asset in the hope of gain but with the risk of loss.
Speculative: A speculative investor is one who trades on expectations of a certain event occurring, with the intention of making a rapid, substantial gain.
Spread betting: Speculation on the movement in price of an asset, without actually owning it.
Standard & Poor’s 500 Index (S&P 500): A market capitalization weighted index of the 500 largest US publicly traded companies, across all industries, by market value.
Syndicate: A syndicate is a group formed to handle a large transaction that would be hard or impossible for a single person involved to handle individually.