A cash value life insurance policy with a fixed term. Premiums are applied to give life insurance.

A strategy in options trading in which an option is purchased at an exercise price above that of the.

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

The date on which a Bill of Exchange or Letter of Credit becomes due for payment.

The process of rendering a contract or deed null and void following a specified.

The sale (purchase) of a near month call option (put option) and the simultaneous purchase (sale) of.

An investor who believes share prices are going to fall. He therefore sells shares, sometimes.

An outflow of funds from an account with a bank or financial institution. For example: When a.

A transaction on a stock exchange by a broker or institution.

A term previously given to the most actively traded shares on the London Stock Exchange along with.

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

The transfer of title of a security such as stock from buyer to.

A disparaging term used to describe executives who earn high salaries and bonuses.

The voiding of a buy or sell.

See: 'all or.

The Inland Revenue limit on how much money can be paid into a free-standing additional voluntary.

A model for generating expected equity returns. It is based on the premise that returns are the.

Expenses incurred by a person whilst carrying out duties at work, which are 'approved' by the tax.

Money, in the form of notes and coins, which constitutes payment for goods at the time of.

The lowest possible bid price of units in a unit trust under FSA regulations which is usually lower.