A downward trend: in a market where it is hoped a future drop in the prices of securities trading. It implies an increase in interest rates.

Action bearer: shares in the ownership of the same anonymous. It is the opposite action to named.

Action convertible: it is an action through which the holder can convert into other securities of the same company.

Action depreciable: action with certain economic advantages that can be amortized by the company as set out earlier in the broadcast.

Action name: type of action in which it is known to the owner of the sameIt is the opposite of action bearer.

Action nonvoting: action that does not allow its holder access to the Boards of shareholders nor the right to vote.

Action vote: action through which the holder has the option of accessing the Boards of Shareholders and cast your vote.

Action: securities represented by the participation of an investor in a company. It is becoming a party that divides the value of a company.

ADA: acronym for the Association for the Defense of Shareholder which is responsible for defending the shareholder when there are problems with the company which holds shares.

Administration of a securities account: management and custody of a portfolio of securities and financial assets.

Admission to the bag: time at which an action can be quoted on the stock market after completing a series of requirements and paperwork.

ADR: certificate issued by an American bank for foreign companies traded on the Bolsa de EE.UU. It is an acronym of American Depositary Receipt.

Advance: delivery of funds to a stock broker to enable it to perform a particular operation.

Agency securities and stock market: agency to issue and sell securities on behalf of their clients.

Agent of change and bag: a person legally empowered to buy or sell securities in a stock market.

AIAF: Market Association intermediaries in which financial assets are traded with fixed-income securities.

Alcista: Status of Stock Exchanges in which it expects a rise in prices in relation to existing ones.

Allocation: number of shares granted to a subscriber in a share issue in which demand exceeds supply.

Annotate in mind: control system ownership and transfers of securities that are traded on the stock exchange.

Assets circulating: set of assets and rights of a company or individual who can be transformed into money in a period of less than a year.

Assets: name that is known to all assets and rights of a company or individual.

At the same: Quote or broadcast of the action that has a price equal to 100 per cent of the nominal value of the title.

Auction: system subscription titles used by the Spanish Treasury to place their financial assets.

Audit: systematic review of the financial statements of a company to check the real economic situation of the company.

Aval: security offered by the State to certain debt securities. It involves the payment of interest and repayment of capital.

Aversión: the risk occurs when an investor who offered various alternatives with different risks opts for one in which there is very little chance of losing the capital invested.

Balance: accounting term by which one can know the property status of a company. It can differentiate between assets and liabilities.

Band: upper or lower among those moves a title that is usually imposed in order to control it.

Banda fluctuation: upper or lower among those who may fluctuate a quote from a meeting of the stock market.

Banda opening: means the difference between the highest price and the lowest in a quote at the opening of a session of the stock market.

Bank investment: financial institution specialized in the market introduces new shares and bonds issued by corporations or by the State.

Barandillero: person at the railing of a bag, which is interested in the negotiations voice.

Basket fund: a set of funds that contract has a certain person. They can be fixed income, variable or mixed.

Bass player: when a market is expected to further fall in the prices of securities trading. It implies an increase in interest rates.

Bear market: phrase used to define a market going down. Its translation into Spanish is of the bear market.

Beat the market: occurs when a securities management can achieve higher profitability, or a loss of less than market rate.

Benchmark: reference rate used to make comparisons between emissions of the same type.

Bending: name that is known to the expansion of an operation for an agreed period.

Benefit: difference between the income and expenses of a particular transaction. If it is positive given the name of profit and loss if it is negative.

Beta Coefficient: coefficient indicates that the volatility of a stock. If the beta is greater than one has a higher volatility to the market.

Beta: type indicator used to hear the prediction of the risk of an investment. The high level Beta indicates high risk and vice versa.

Black Knight: name that is known to the person or company that makes a hostile takeover bid on a company.

Blow out: process by which quickly sold all of the shares of a new issue. Se trata de una expresión inglesa. This is an English expression.

Blue-chips: name that is known to the titles of the more stable companies and a large number of benefits of the global indexes. The name comes from the color of a room of Wall Street.

Bolsista: name that is known to investing on the stock exchange. It also refers to the short-term investor.

Bond Fund: movable investment funds that invest mainly in bonds and notes.

Bond: debt instruments issued by public or private entities that have a maturity ranging from months and 10 years.

Bonds bag: a simple type of bond that is connected to a stock index. In the case of Spain is the Ibex 35.

Bonista: name that is known to the investor in fixed income securities such as bonds. At the end of the life of the bond he returns the borrowed money.

Bonus Condition: public debt issued by the States acquired through an auction. They are issued and long term and have interest.

Bonus: issue a term that refers to the surcharge applied to the face value with which new shares are issued.

Borrow: form of financing involving the issuance of title which are purchased by investors in exchange for interest payments.

BPA: the result of dividing net profit of the company by the number of shares issued. Es el acrónimo de Beneficio por acción. It is the acronym for Earnings per share.

Broker: person or entity that acts as a securities intermediary between buyer and seller. Agencies Securities Exchange may also receive the name.

Bull market: English expression used to define the bull market. Its translation into Spanish is the bull market.

Bulldog: the Anglo-Saxon expression that is known to the obligation issued in the UK by a foreign institution.

Bulletin Quote: official publication Daily done by all stock markets in order to report on the meeting prior to publication.

Buy-out: the Anglo-Saxon expression that is known to the process of buying shares.

Call Option: a term that refers to the right to buy a commodity at a specified price at a future date.

Call: name of the Anglo-Saxon origin is known to the option of buying a value negotiable.

Capital reduction: the process by which a company seeks to reduce losses through the issuance of the withdrawal of shares.

Capital: the expression that is known to that heritage that is capable of producing an income. It is divided into real or financial capital.

Cash-flow: origin of the English word that is used to refer to the financial strength of the company.

Change: the price at which they are traded each day financial assets in regulated markets.

Charting Analysis: study based on the graphic to be aware of fluctuations in the prices.

Chartismo: technique to predict the prices in the graphic representation of historical series.

Chicharro: name that is known to those securities trading low and have a high risk and a high potential for appreciation.

Ciclo bursátil: evolución de las cotizaciones de un activo. Cycle stock: changes in the prices of an asset. They usually occur in cycles of bullish or bearish trend.

Closure: name that is known to the end of a trading session and ending the recruitment of titles.

Coefficient alpha: coefficient, which indicates the degree of risk. A positive alpha means getting a better record than the index.

Conversion Date: date agreed on the issuance of convertible bonds to holders may exercise the conversion.

Convertible bonds: name that is known to fixed-income securities that can be converted into equity securities. Appear in the capital increases.

Convertible Obligation: requirement that entitles its holder to convert into ordinary shares of a company.

Coupon: payment of a financial amount that the issuer must pay to the holder of the same throughout the life of the bond.

Crack stock: name that is known to sharply decline in prices in a stock market.

Crossing: process by which an intermediary is responsible for buying or selling two values at the same time for two different clients.

Currency market: market where prices are fixed currencies in the world according to supply and demand in relation to other currencies.

Currency: name that is known to both coins and banknotes as bonds, letters or checks foreigners.

Date of negotiation: the date on which a transaction takes place. The date can vary from the liquidation.

Day Trade: name that is known to the process by which buys or sells a position during the same day.

Dealer: original English name designating brokers in addition to buying shares for its clients do for themselves.

Deduct dividend: process of the decline in the price of a share due to the payment of dividends.

Deduct right: process of the decline in the price of a share due to the payment of dividends.

Defense Association of Shareholder: association responsible for defending the shareholder when there are problems with the company which holds shares. It may also appear as ADA.

Deposition: The process by which a company or individual surrender their securities to a financial institution for the custodie and administered.

Desdoble: process by which an action is separated from the pre-emption rights. La cotización la realizan por separado. The trading is done separately.

Desintermediacion: occurs when brokers are eliminated between buyers and sellers.

Differential: difference between yields on assets in various futures markets.

Discovered: selling occurs when an action is not to have after buying at a lower price.

Divestment: withdrawal process or recovery of amounts previously invested in a financial product.

Dividend: financial amount that companies deliver to its shareholders for profits earned in that year.

Duty: title of debt through which the holder has the right to receive interest and repayment of capital as stipulated in the contract.

Earnings per share: result of dividing the net profit of the company by the number of shares issued. También recibe el nombre de BPA. Also called the BPA.

Emerging Markets: name that is known to those markets in the countries that are developing.

Enclosures: term used in the stock charts to refer to two parallel lines that surround the quotation.

Euroclear: name that is known to one system of compensation for transactions of bonds in Europe.

Exchange: process by which change some financial instruments by others with similar characteristics.

Exclusion: elimination of trading on the Stock Exchange of a certain value due to lack of permanence.

Expanding in tandem: capital increase in which the new owners should pay the face value of the shares.

Expansion of capital: the process by which a company seeks to increase its capital through the issuance of new shares.

Financial Analyst: specialist financial market thinks that the present and future of the stock markets.

Financial Assets: running emitting companies to borrow money to their investors. This is the case, for example, bonds or government debt.

Findings: increase in the price of a currency or a negotiable value observed in one or more sessions.

Fixed assets: all assets and rights of a company or individual of a lasting nature that take a long time to sell. This is the case for example of machines or land. Also known as active materials.

Fixed Income: name of those securities or securities which generates a predetermined regular pay. Do not depend on the performance of the company.

Fixing: name that is known to the extent arithmetic between exchange rates higher and the lowest in a meeting.

Flow: movement of entry or exit of capital from a particular country or market.

Fluctuation: term used to refer to the movement upwards or downwards in prices.

Former Action: prices that were already on the market before making a capital increase with new shares.

Free Action: action by which the holder has not paid any amount economically. It emitted from or subject to the society. Also called the action liberated.

Free float: English word used to designate the part of the social capital that is listed on the stock market freely.

Free rider: the person who enjoys the benefits of an enterprise despite not pay nothing or a small amount.

Front running: Anglo-Saxon word that refers to the process by which a broker buys shares because he thinks will be profitable for resale to their customers at a higher price.

Fuel values: process by which a company or individual surrender their securities to a financial institution for the custodie and administered.

Fundamental analysis: study based on the financial statements of a company and the value of their titles to make predictions for the future.

Futures contract: Contract through which they must buy or sell a number of securities at a future date at a price set forth previously.

Futures: contract through which they must buy or sell a number of securities at a future date at a price set forth previously.

Gain: increase in the value of an asset on which it had at the time of purchase. It becomes effective when selling assets.

GAP: English term used to refer to the difference between the actual value of a variable and potential.

Gilt: noun they got all those values that can be matched to gold. Es la abreviación de gilt edged security. It is the shortening of gilt edged security.

Golden Share: action that gives the state and that gives you certain rights in the process of privatization of state enterprises.

Gray Knight: person or company who appears before a company to which you are making a bid, with a new takeover bid.

Greenbook: Publication in which are explained in detail all the requirements to be quoted in the USA

Greenmailer: Anglo-Saxon origin of the term used to designate the dealer who has achieved a capital gain.

Gross Profit: difference between the income and expenses of a company before having deducted the appropriate taxes.

Gross spread: total commissions you get an insurer. It is the price difference to the public and the price paid by the insurer to the issuer.

Handling: alteration of the normal course of the supply and demand of a market through certain techniques.

Hedging: operation of a futures market through which sets the price of an asset of that market.

Holding: company whose assets consist mostly for shares in other companies. Make operations management and administration.

Hollow market: expression that means the lack of a market and which can be covered by the entry of a business.

Hung up: process by which the stock price has fallen from an investor to be below their purchase price.

Implementation of values: operation by which a broker buys or sells a value at the same price in order of number of customers.

Imports: basket of goods and services purchased and consumed in a country but they come from a different one.

Income varies: the name of those securities or securities whose pay is tied to profits and a company's prospects.

Infravalorado: price of financial assets, which is below that should have according to their characteristics.

Insurer: investment bank is done with newly issued securities to be sold later at a lower price.

Integer: name that is known in the stock trades to one-hundredth of nominal value of a diploma.

Intradía: véase Day Trade. Intraday See Trade Day.

Issue: Creating new titles by the issuer due to a loan or an extension of capital.

Joint Venture: name that is known to the cluster in order to achieve a common goal.

Junk Bonds: type of bonds that offer their subscribers a highly profitable because they also have a high risk.

Level of resistance: a historic change of the index value or the market in which it breaks the trend upwards or downwards.

Level of support: a historic change of the index value or the market in which it breaks the trend upwards or downwards.

Leverage: opportunity to make an investment in excess of the amount that is economic to spend. It pays an amount small but growing economic potential for profit or loss.

Liquidation value: the process of closing an operation and delivery to the investor of the amount obtained after joining the money in a product.

Low: process by which there is a decline in the price or prices of securities quoted.

Majority Shareholder: shareholder has a number of actions that enable you to participate in the company's decisions.

Market capitalization: value of a company calculated by the amount of the contribution of each of the shares on the stock exchange.

Market Depth: name that is known to the number of purchase orders that exist for the assets.

MEFF debt: name of the Financial Futures Market devoted to the recruitment of future debt obligations.

MEFF equities: name of the Financial Futures Market devoted to the recruitment of future equity.

Minority Shareholder: shareholder has a number of actions that prevented it from participating in the company's decisions.

Monetary Assets: financial assets issued in the short term, such as treasury bills or promissory notes, which are equivalent to cash.

Net profit: the difference between income and expenditure of a company after deducting taxes.

New action: Action to be issued with the capital increase. In some cases it has the same value as the old.

Nominativo: name that is known to the type of value is known in the name of the holder.

Notional Bond: fictional bond to be used as underlying contracts in the futures market. Su valor en dicho mercado se publica en enteros. Its value in this market is available in integers.

Old Action: prices that were already on the market before making a capital increase with new shares.

OPA: operation whereby a public company presents its desire to buy all or most of the shares in a company listed on a stock exchange.

Option: the right to buy or sell a particular commodity at a specified price at a future date.

OPV: operation whereby a public company presents its desire to sell their shares on the stock market.

Order: name that is known to education through an intermediary to the buying or selling in the stock market.

Orders bag: orders given to a Securities and Exchange Society for the purchase or sale of shares traded on the stock exchange.

PAC: hedging instrument risk to the changes in interest rate. También se conoce como Contrato CAP. Also known as Contract PDA.

Paper: position of the stock market in which supply exceeds demand, and that sometimes can prevent the conduct of operations.

Parquet: campus of the stock exchange to public view in which securities dealer conduct their negotiations voice.

Pay off: an end with the English provenance is known to the period of repayment of a debt.

Pay out: part of the profits of a company that are designed to pay dividends. It is indicated as a percentage.

Pay: name that is known to the assets of debt in the short term whose life is a maximum of 18 months.

Placement restricted: occurs when a block of shares will be offered only to a chosen number of buyers.

Plus Valía: increasing the value of the movable property. Appears due to the difference in purchase price and increased sales.

Poison Pill: operation whereby we want to stop the implementation of a hostile takeover bid. For this purpose the company sells its takeover of the most important assets.

Portfolio company: company that holds shares of another or from other companies in order to obtain profitability or hire them.

Portfolio management: a set of activities carried out by an intermediary that aim to combine profitability, safety and liquidity of assets.

Portfolio: joint debt securities and variable forming heritage stock of an individual or company.

Preferred Action: action whose ownership gives a special right for example in the collection of dividends.

Premium Increase: enlargement in which the subscriber must pay up the nominal value of the shares plus a variable amount.

Profit tax: benefit obtained after deducting taxes for the fiscal surplus for the year.

Profitability: term used to refer to profit in a business or financial.

Prospectus: booklet aclarativo on the status of a company or on the conditions for issuing securities.

Provident stock: path analysis of the contributions of various values with a view to extracting from them a trend.

Purchase Option: a term that refers to the right to buy a commodity at a specified price at a future date.

Put option: a term that refers to the right to sell a particular commodity at a specified price at a future date.

Put Option: a term that refers to the right to sell a particular commodity at a specified price at a future date.

Quant Analysis: thorough study that allows rigorous approach to the equity markets.

Raider: Anglo-Saxon word that is used to refer operator of the financial markets that is a hunt for sales of securities.

Rated: term to refer to the sum of money that he has been assigned a value on the date of its issuance.

Rating Agency: agencies evaluate and rate the creditworthiness of companies. To qualify uses alphanumeric codes.

Rating: English word with which designates the qualification of the creditworthiness of issuers of debt.

Rating: system used to ascertain the creditworthiness of fixed income securities. Viene expresada a través de letras. It is expressed through letters.

Raw Action: type of action that is issued with a value higher than nominal. It goes to increase assets of the company or not diminish the value of shares in a capital increase.

Recruitment voice: name that is known to the sale of shares without using mechanical devices or computer.

Referee: operation which buy or sell a financial instrument in several markets. Produces benefits without risk.

Repos: name of the purchase option, which in turn has an option to sell at a certain price agreed upon earlier.

Repurchase Agreement: purchase of a negotiable value to a vendor who is obliged to buy it at a time and a price stipulated previously.

Rises: return of capital provided according to the terms. It also refers to the increase in prices of the securities.

Role of widows: name that is known to those noble fixed income investments whose issuer is the state.

Seat: operation by which fits a particular transaction in a book of accounts or in a book registration.

Sectoral index: index each of the sectors in which divides the stock market.. Each focuses on a plot of the economy.

Securities Law: all the laws governing the stock market. They are registered with the Securities Market Act.

Settlement Date: when it takes place the delivery of securities and payment of a transaction.

Shareholder: person holding one or more shares. Depending on the type of actions can attend the Boards of Shareholders and cast your vote.

Shareholders: name that is known to all shares and shareholders of a corporation.

SIBE: electronic system to keep connected to the Spanish stock exchanges. Es el acrónimo del Sistema de Interconexión Bursátil Español. It is the acronym System Interconnection Stock Spanish.

Slip: name that is known to decline in the value of a constant price and progressively.

Snow Ball: operation through which subscribe to shares in all capital increases in order to increase the number of shares.

Sobrevaloración: selling price of an action that is far above the true value of the securities.

Society Securities and Exchange: securities intermediary who can speak either in a bag or self-employed person.

Speculation: operation sale of securities in order to obtain benefits by changes in prices.

Speculative Bubble: a phenomenon that occurs in every one market in which there are high price fluctuations and the stock price does not match their real value.

Splits: word of English origin with which defines the division of action in a number with a lower face value.

Spread: Anglo-Saxon word which refers to the price differential of buying and selling financial assets over another.

Stock Analysis: name that is known thorough study of the economic-financial and stock value.

Stock Broker: individual or corporation responsible for buying or selling shares of their clients.

Stock index: indicator of the evolution of a market based on quotations of the titles most representative.

Stock Value: price of a title in the stock market.

Stock: expression which is known to all that has some relation to the market in the bag.

Stop loss: order stock through which limits the closure of a position at a certain price in order to reduce the number of losses. The limit is set by the client.

Swaps: contract signed by two companies in which it is agreed that one should pay interest on a debt to those of another.

Takeover Offer: operation whereby a public company presents its desire to buy all or most of the shares in a company listed on a stock exchange. También recibe el nombre de OPA. Also called the takeover.

Technical Analysis: study which seeks to know the swings in the prices taking into account certain magnitudes stock.

Tendering for graduation: operation whereby a public company introduced its exclusion from trading. The National Commission on the Securities Market conditions this operation to a takeover of its own shares.

Tendering Sales: operation whereby a public company presents its desire to sell their shares on the stock exchange. También recibe el nombre de OPV. Also called the OPV.

TIR: term that refers to the profitability of an asset which is calculated by comparing its price with their coupon on the market.

Title: document issued by a particular company in order to get increasing its financial resources.

Touching background: term used in periods of slack changes to refer to the situation in which they can not get off.

Touching roof: term used in periods of slack changes to refer to the situation in which they can not get off.

Transparency: quality of the stock markets in which sellers and buyers know all proposals.

Treasury Bills: emissions of debt which are issued by the Treasury with a maturity of less than one year.

Treasury: package of shares in a company that has not been bought and left in ownership in the company.

Under a par: Quote or broadcast of the action that has a lower price to 100 per cent of the nominal value of the title.

Underlying Assets: financial asset that should be subject to a negotiable contract in the Futures Market.

Value furniture: title issued in large numbers with the same rights and which has as its main feature negotiability.

Value Quote: changing values in the stock market.

Variability: moves upwards or downwards in prices for a value around a trend line.

Viva Voice: traditional recruitment process consisting of the sale of shares through the voices of intermediaries.

Volatility Index: a measure of price change in a stock market with respect to a particular period of time.

Volatility: moves upwards or downwards in prices for a value around a trend line.

Warrant: certificate allowing its posesor the right to buy shares in a company at a price and within a stipulated previously.

Weighting: weight assigned to each of the variables in a package that is inte