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

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

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

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

The volatility of the underlying instrument implied by the market value option's.

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

A demand by a company to shareholders to pay a further instalment on partly paid.

A wide range of indices including shares, stocks and fixed interest securities published by the.

The theory that certain days of the week, weeks of the month, and months of the year are more.

The amount payable by a life insurance company to the beneficiaries on the death of the insured (the.

An endowment plan which carries an option at maturity for the proceeds to be paid in the form of a.

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

When the stock market opens above or below the close on the previous day, this is known as a.

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

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

A market in which sellers outnumber buyers and where the trend of share prices is consequently a.

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

A bond which was issued at a rating of AAA to BBB (investment grade) which has since fallen in.

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