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Glossary

Trustee

A person appointed to look after investors' interests for certain fixed interest securities e.g. those offered by credit unions, building societies and finance companies, and for unit trusts.

Trust Deed

A legal document that sets out what a fund manager can do with investors' money. The deed also explains investors' rights, such as the trustees' powers to look after investors' interests.

Term Deposit

Stock Exchange

The market place where shares are traded in companies that are listed on the exchange. The New Zealand Exchange is known as NZX. See news stories related to the NZX.

Statutory Supervisor

A person appointed to look after investors' interests for certain fixed income securities.

Shares

Shares are equity securities, i.e. you buy a share in a company. You may be paid regular dividends on your shares, and you have the chance of making a capital gain on your money later if you sell your shares for more than you paid for them. See news stories related to Shares. See guides related to Shares.  See reader questions and answers related to Shares.

Securities

Investments including: fixed interest and debt securities (where you lend your money to someone else to use in return for interest paid to you); and equity securities (where you buy shares in a company and may be paid a dividend by the company and have the chance of making a capital gain if

Savings Account

An account with a registered bank or other deposit-taking financial institution in which your money is paid interest in return for the use of your money. These accounts are fixed interest securities or debt securities i.e. you lend your money to the bank or other financial institution.

Risk Profile

People have varying feelings about risk. Some people worry about quite small risks while others are happy taking a bigger risk. You can assess whether you have a low, medium, or high risk profile at www.sorted.org.nz.

Registered Bank

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.