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Arbitrage The simultaneous purchase of a security on one stock market and the sale of the same security on another stock market at prices which yield a profit.

Ask or Offer The lowest price at which someone is willing to sell the security.

Alberta Securities Commission (ASC) The provincial regulatory agency responsible for overseeing the capital market in Alberta.

All-or-None Order An order that must be filled completely or the trade will not take place.

Advanced Companies Companies listed on TSX Venture Exchange that meet higher asset, market value and shareholder distribution requirements than those classified as venture companies.

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