Glossary

The difference between the price paid by a shareholder for a share and the share's nominal value, that is, the excess above the nominal value.

Privatisation is the process of transferring the ownership of a company or industry from the public to the private sector.

A prospectus is a formal document that details a financial security, such as stocks and bonds, intended for public offering. The aim of the prospectus is to help investors make more informed investment decisions.

The cost of borrowing money over a period of time.

A start-up company, often simply referred to a 'start-up', is a company in the early stages of its operations. The classification is mainly used to identify companies operating in innovative sectors characterised by high growth potential, but also high risk.