Association of Private Client Investment Managers and Stockbrokers An association formed in 1990 to represent the interests of stockbroking and investment.

Two or more people owning property. In the event of the death of one of the tenants, the property.

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

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

Life insurance in which the death benefit decreases over the term of the policy although the.

A type of term assurance in which, following the death of the life assured, instalments, rather than.

In the US, this refers to a bond that is secured by a blanket mortgage on the issuing company's.

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

In the US, a distribution of interest or dividends to the shareholders of a mutual.

Shares bought in anticipation of an above average income being produced. Also referred to.

The date on which a dividend is declared by a company's directors. Once declared the dividend.

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

The government department which collects customs and excise duties and.

Family income assurance in which the assured may, if he or she chooses, increase premiums in line.

Tax payable on a deceased person's.

An option is deep in-the-money when it is so far in-the-money that it is unlikely to go.

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

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

A security such as a bond or note with specified interest, representing a loan which is repayable at.

See: 'cancellation.