The Share Market (HSC SSCE Economics): Flashcards

A financial asset giving part-ownership of a business

Protection from personal bankruptcy if the business fails

Public: shares traded freely; Private: restricted, no open market

Australian Securities Exchange - largest share market in Australia

Intermediary required to trade shares through the ASX

Profit payments distributed to shareholders on a per-share basis

Profit from selling shares at higher price than purchase price

When a company first lists its shares for public trading

Primary: new shares issued; Secondary: existing shares traded

Buying shares to resell quickly for profit, not long-term income