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

A payment made by investors for new shares. The term would apply to payments made when a company.

(FNMA)In the US, a government-backed corporation which purchases mortgages from lenders and resells them.

See: 'day.

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

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

In the simplest terms, the purchase and sale, or sale and purchase, of a security on the same.

(EPO)An initial public offering, or new issue of shares, in which the process of applying for shares.

A dealer in shares prior to the event known as Big Bang in October 1986. Jobbers dealt with.

A note, issued to a person or company indicating an amount.

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

(GAYE)The description used for schemes where a donation to your chosen charities is automatically deducted.

A member of a commodity exchange, usually a commission house broker, through whom another broker or.

A pension plan in which benefits are dependent on contributions to and the growth of the pension.

Shares which entitle the holder to receive the capital appreciation from a split capital.

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

A tax allowance which takes account of depreciation of certain types of business assets such as.

A type of long term bond (loan), taken out by a company, which it agrees to repay at a specified.

Taxation which is levied in an indirect way rather than being charged directly on an individual's.

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