See 'personal equity.

The number of days from the shipment date that the seller is allowed to present documents to the advising or issuing bank under a Letter of Credit. It is normally 21 days, although it can be shorter.

The service provided by a financial planner. This is a long term service provided for clients which.

The first closing date is one of the milestones in the process by which one company takes over.

A formal notification to the writer of an option from a clearing house that an option has been.

The value of all the assets employed in a business, including equity and preference capital,.

Call or put options on an index such as the Standard and Poor's 500 Index or the FTSE 100.

Stock in companies whose profits move in a cyclical manner, normally in phase with the economy. .

A mortgage which guarantees the interest rate charged will not rise above a certain level. But it.

An economic situation in which there is a general fall in the level of.

(FCM)In the US, an individual or organisation accepting orders to buy or sell futures contracts or.

A facility which allows a delay in buying an annuity if rates should be low when retirement age is.

The traded value of an asset agreed by seller and.

The shares of companies that are well-positioned to withstand recession, usually because the goods.

The legal liability of two or more people for claims against or debts incurred by them jointly. If.

(FSA)The replacement regulating body for the Securities and Investments Board (SIB). The FSA, which.

In the US, an expense allowed by the Internal Revenue Service which is deducted from adjusted.

Where a life company pays commission to an agent, the company does so on the proviso it will be.

All orders in a floor broker's possession that have not yet been.

The end of year dividend. In the UK, companies normally pay dividends twice per year, an interim.