In the US, an annuity which guarantees payments to an annuitant which are fixed for life or a.

Money paid by life insurance companies to policyholders based on endowment policies and.

A bond, issued by a highly regarded company or municipal authority with a rating of AAA or.

See 'bond.

See: 'discretionary.

(Bridging loan) Commission or fees charged by a broker for conducting transactions for its.

A transaction in which the purchaser of goods pays an initial deposit and takes possession. .

Bank for International Settlements The central bankers' bank, based in Basle,.

The difference between the selling price and the purchase price for investments.

An approach to investment that focuses on analysis of a company's financial and business.

The six big accountancy firms: KPMG, PriceWaterhouseCoopers, Ernst & Young, Deloitte & Touche and.

(IB)An individual or firm who can perform all the functions of a broker except one. An introducing.

International Securities Clearing Corporation

In the US, a power of attorney which, subject to conditions and safeguards, continues in force even.

A City professional whose job is to decide how fund money is invested.

A company on the London Stock Exchange with a large market capitalisation, stable earnings,.

The addition of a per unit tax onf Social Security), the Benefits Agency was replaced.

A note, issued to a person or company when goods are returned by them, which cancels the original.

A financial institution such as a merchant bank which provides its services to launch the shares of.

Some unit trusts offer a floor price and guarantee their bid price will not be allowed to fall.