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

(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.

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

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

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

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

The earnings of a company are its annual profits after deduction of tax, dividends to preference.

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

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

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

(EPS)Earning per Share (EPS) = Earnings / Number of Shares in Issue

The day on which the availability of a prospectus is advertised, and a flotation is officially.

In the US, the period between the time a policyholder makes an insurance claim and the time it is.

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

This is a trading term between buyer and seller where a seller agrees to deliver goods to a buyer before a payment is made and without any form of guarantee of payment.

The value of all the assets employed in a business, including equity and preference capital,.

The legal right for a creditor to seize the assets of a debtor to satisfy an outstanding.

Securities which are considered to be more stable in price in a market where prices are.

An assurance policy usually taken out on two lives, typically husband and wife. Under this type of.