The monetary value of a fund, calculated by adding up the value of its underlying.

A pricing model devised by Fischer Black and Myron Scholes in 1973.

An electronic 'stock market' service owned by Reuters which enables members to display bid and offer.

(HIT)A tax on gifts made by an individual in the seven years before death, and on the value of assets.

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

Effectively a guarantee of payment of interest and repayment of principal of a bond issued by a.

(DAX)The index for the largest 30 German companies quoted on the Frankfurt Stock Exchange.

Stocks whose dividend payouts are high as a proportion of their share price. This could either be.

(EIRIS) The Ethical Investment Research Service (EIRIS) which maintains a database which you can use to.

(ITS)An electronic communications network that links nine US markets: the New York (NYSE), American.

See. (bridging loan) Broker to broker. A term used by the London Stock Exchange to denote that a transaction was between two member.

Methods used by companies to try to ensure their customers settle their accounts within the agreed.

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

A financial institution which invests large amounts of money in the stock, bond and other financial.

A company quoted on the London Stock Exchange which invests its shareholders' funds in the shares.

The charge you pay if you borrow money, and the income you receive if you lend it or invest it in.

In the US, a plan which enables investors to accumulate shares in stock or a mutual fund by.

A requirement of the 1986 Financial Services Act and in turn the Financial Services Authority that a.

Stocks or shares which do not record owner's names and for which the companies do not keep a.

An order in writing by one person to another to pay a specified sum to a specified person or.