An option which gives the holder the right but not the obligation to purchase a stated quantity of.

The most common use of the term 'gearing' is to describe the level of a company's debt compared.

A document allowing beneficiaries to vary the gifts specified in someone's will even after the.

A term used in permanent health insurance which refers to a period, prior to payment by the.

The cost of trading in an asset or security which will vary according to the broker you use and.

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

In the US, a board of Directors comprised of seven members which directs the federal banking system,.

An income tax allowance which can be claimed if certain payments are being made to friendly.

(ERISA)In the US, a federal law introduced for the protection of participants in private pension.

Net borrowings of a company divided by shareholders' funds. The ratio shows the amount of.

A spread strategy that decreases the account's cash balance when it is established. A bull spread.

Money owed by an individual or company to another individual or.

The process by which building societies and mutual insurers convert themselves from mutual.

A person entrusted to manage the assets and interests of another. For example, an executor in a.

(ISA)A tax-favoured savings account introduced on 6th April 1999 which replaced PEPs and TESSAs. ISAs.

In technical analysis, what happens when the short moving average price of a stock (say, its.

Futures contracts where the underlying instruments are financial such as shares, interest rates,.

Money received by an individual as a salary, or from investments. Cash deposits and bonds will.

Protesting involves getting legal evidence that a bill of exchange or promissory note has not been paid.