Glossary

Underlying Securities

The specific security that is bought or sold by exercising an option.

Underwriting

The purchase for resale of a security issue by one or more investment dealers or "underwriters." The formal agreements pertaining to such a transaction are called "underwriting agreements."

Unit

Two or more corporate securities (such as preferred shares and warrants) offered for sale to the public at a single, combined price.

Unlisted

A security not listed on a stock exchange but traded on the over-the-counter market.

The information contained herein is considered accurate at the time of posting. CIBC and CIBC World Markets Inc. reserve the right to change any of it without prior notice. It is for general information purposes only.