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

A situation where the exercise price of a call/put option approximates to the current market price.

The generic term for models which aim to price assets, usually shares or baskets of them, in.

The pledging of securities as collateral - for example, to secure the debit balance in a margin.

The period, normally 30 days, during which an insurance policy remains in force even though the.

An order placed with a broker to purchase or sell stock, a commodity or financial instrument at.

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

(FIA)The futures industry's national trade association in the US. They lobbied in favour of establishing.

In the stock market, an index is a device that measures changes in the prices of a basket of.

(AAII)An association based in Chicago whose purpose is to provide information and education regarding.

Any bank, stockyard, warehouse, depository or other facility that is authorised by an exchange for.

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

In the US, the amount (normally fixed) which a policyholder is obliged to pay prior to an.

Each taxpaying individual in the UK is entitled to an annual exemption of

The Cadbury Code is the unofficial name for the first Code of Best Practice on corporate.

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

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

Failure to make payment on a loan obligation on the due.

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

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