A term previously given to the shares of smaller companies traded far less frequently on the London.

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

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

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

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

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.

All orders in a floor broker's possession that have not yet been.

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

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

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

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

An arbitrage transaction applied on a futures market where the cash or spot price of for example,.

In general terms, the increase in value of an asset. As far as shares are concerned,.

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

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

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

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

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