Glossary
The words brokers use, in plain English.
- Broker-controlled account
- A VFEX account set up through your broker and held with a custodian partner, made to simplify sign-up.
- CDS (Central Securities Depository)
- The electronic register that records which shares you own, in your own name.
- Counter
- Zimbabwean slang for a listed company's share, as in "Delta is a big counter".
- Custodian
- A regulated institution that holds shares or cash safely on behalf of investors.
- Dividend
- A share of a company's profit paid out to shareholders.
- ETF
- A fund that trades like a single share but holds a basket of companies.
- VFEX
- The Victoria Falls Stock Exchange, which trades and settles only in US dollars.
- ZiG
- Zimbabwe Gold, the local currency introduced in April 2024. ZSE shares are priced in ZiG.