The addressee of a Bill of Exchange. This party holds the primary liability to pay the face value of the bill to its owner upon maturity.

Interest that has been earned on a security or bank deposit but which has not yet been paid.

The price at which an asset is formally bought or sold.

Approved Deposit Fund.

Approved Deposit-taking Institution.

Australian Financial Markets Association.

The conversion of periodic rates of return into annual terms.

The price you pay to enter a unitised managed investment scheme.

Australian Prudential Regulatory Authority (APRA) is the prudential regulator of banks, insurance companies and superannuation funds, credit unions, building societies and friendly societies

Australian Securities & Investments Commission (ASIC).

The price at which a seller is prepared to sell a security. Could also see ask yield.

A broadly defined group of financial assets.

A Replacing the state based exchanges in 1987, the ASX is the national organisation for security dealings.

When a security has a market value less than its par value.

When a security has a market value greater than its par value.