A term used in banking which refers to settlement of payments between accounts both held at the same.

A special coding used by employers when an employee's tax code is unknown. Individuals allocated.

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

(FDDI)Trading floor network connecting all trading floor terminals for the.

In the US, a tax imposed by the federal government or state on the donor of a gift when the transfer.

A strategy employed in a futures market to reduce risk.

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

The purchase of a security, commodity or financial instrument (e.g. shares) in the belief that.

(DMO) An Executive Agency of the Treasury, which has responsibility for issuing gilts to fund the.

(FSCS) The Financial Services Compensation Scheme is the sole financial compensatory scheme. It was set up.

Ralph Elliott was an accountant who lived from 1871 to 1948 and who is remembered by technical.

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

(FICA)In the US, the federal law which directs employers to withhold a proportion of employees' salaries.

A Government Act introduced primarily to provide increased protection for investors and to regulate.

The results reported by a company for a full financial year.

A call option with an exercise price below the price of the underlying instrument (e.g..

A Letter of Credit payable at a future determinable date in which a term Bill of Exchange is not required to evidence the maturity date. (see Acceptance Credit).

An organisation established in 1989 to improve the image of Independent Financial Advisers (IFAs).

See 'futures.

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