Glossary: s

Secondary units (property): Properties that are not deemed to be prime, either because of poor location, configuration or tenant.

 

Sector: The category in which funds or companies are grouped.

 

Securities: Another name for stocks and shares; also applies to any approved or registered financial instrument, such as unit trusts.

 

Securitisation: A financing technique where the income stream of an asset is used to service the interest and principal repayments on the relevant debt instruments.

 

Speculative development: The construction of a building or buildings where there is no known buyer or tenant at the outset; the scheme is offered for sale or to let, usually at or near completion.

 

Swaps: An agreement in which two counterparties agree to exchange one cash flow stream for another.

JOIN OUR mailing list:

Scroll Up