A stock market whose index of representative stocks, such as the Toronto Stock Exchange 300 Composite Index, is declining in value. A rule of thumb is that when a market declines 20 per cent it is bear. An individual who becomes entitled to a benefit upon the death of the policy or plan holder. Applies to life insurance, will, and registered account proceeds. Betas tend to range from 0.5 to 2.0.
Cyclical industries tend to have higher betas.
The price at which a buyer offers to pay for a security or property. The figure is often expressed in terms of hundreds of shares. The average annual return based on the combined performance of all transactions for the stock or mutual fund for the history of the portfolio. They are usually common shares of well-established companies with good earnings records and regular dividend payments that are known nationally for the quality and wide acceptance of their products and services. The number of shares in a board lot varies with the price level of the security, although in most cases a board lot is 100 shares.