A joint-life insurance policy which pays money to a surviving partner on the first partner's.

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

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

The measure of the rate of change of an option's price compared to the change of price in the.

A unit or investment trust, or other collective fund, which aims to pay a high dividend to its.

Notification of delivery by a clearing house to a buyer. The notice is initiated by the seller in.

This is a letter of credit that cannot be changed or withdrawn or revoked without everyone involved agreeing (buyer, seller and banks).

An institution which accepts funds from the public and reinvests in bank deposits, bonds and stocks.

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

A market in which there are more sellers than buyers resulting in falling.

A municipal bond whose interest and principal payments are supported by the full faith and credit of.

(EMH) The theory that claims that the current price of a share reflects everything that is known about.

A mutual fund which invests in securities in countries around the world such as Europe, Asia and the.

The number of futures or options contracts required to hedge/counteract the exposure in the.

A power of attorney which, subject to conditions and safeguards continues in force even after the.

A stock option, which specifies a set number of shares at a specified option price extending over a.

An economy whose growth is believed to be neither too 'hot' (i.e. too fast) or too 'cold' (too slow).

The components which form a company's capital :ordinary shares, preference shares, debentures and.

A plastic payment card which normally allows the holder higher spending limits over the standard.

Equal ownership of property by two or more people. In the event of the death of one of the owners,.