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

See 'ATM.

The purchase of a put with a high strike price against the sale of a put with a lower strike price.

A UK tax on gifts made by an individual, whether made during their life or after death. Replaced by.

An interest-only mortgage ultimately repaid by the proceeds of an endowment assurance policy which.

A mortgage which guarantees the interest rate charged will remain sandwiched between two specified.

A company's expenditure to acquire capital.

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

An independent financial adviser whose income is derived from fees charged to customers rather than.

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

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

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

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

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

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

Gilts are fixed income or index-linked bonds issued by the UK Government.

Income received from property letting is subject to income tax. The amount taxable is the amount.

An agreement in which one person is answerable for compensating the losses of another..

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

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