A method of calculating the net asset value of a company, for example an investment trust, after.

Tuesday 29th October 1929 when stock prices on Wall Street.

A broker who not only deals in stocks and shares on behalf of his client, but who also makes the.

A measurement of the movement of the price of a particular stock compared with the movement of the.

This is an inter-bank communication system and stands for Society For Worldwide Interbank Financial Telecommunications. It runs in much the same way as telex, except every message is sent in a standard way. This allows the banks' computers to read the mes ...

A mutual association formed by people with a common affiliation such as employees, a union or a.

(DTB)The German derivatives exchange, where the bund, Euromark futures and Dax futures and options.

A bond with a single maturity date and no opportunities for early.

Assets of a company such as buildings and machinery which are regularly used over a long period of.

The Chancellor of the Exchequer's least favourite part of the economy - also known as the cash.

Coins made from gold or silver. They can be easily.

Cat standards signify that a financial product meets certain standards on Charges, Access and.

The directors are a company's most senior managers and are elected to run the company by.

In the US, a short term municipal or state note which is repaid from the proceeds of a forthcoming.

A unit linked single premium whole life assurance policy. Part of the premium gives life cover.

In the US, assets owned by a company but undervalued on the balance sheet and accordingly not.

When a share is said to be 'cum dividend', it means that it is offered for sale with an.

See: 'gilt-edged.

A life policy in which there is a minimum sum payable on the death of the life.

See letters of credit for a full explanation