In the US, federal and state taxes on the sale or production of certain types of products such as.

The length of time an individual retains an investment.

The purchase by a listed company of its own shares either in the open market or by tender offers..

The value of funds returnable to the insured from the insurer upon the surrender of a cash value.

See: 'gilt-edged.

International Securities Identification Number International code for a listed.

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

Refers to a transaction made at a price lower than the preceding.

The difference between (i) turnover and (ii) the cost of making a product or providing a service,.

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

(ICS)A compensation scheme for investors with operating rules set by the Financial Services Authority.

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

(IPT)A tax imposed on certain insurance premiums where the risk is located in the.

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

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

The amount which shareholders own in a publicly quoted company. Equity is the risk-bearing part.

A mortgage whereby the borrower makes a half monthly payment every two weeks instead of the usual 12.

An agreement made in Bretton Woods, USA in 1944 which established a post war fixed currency rate.

Securities which pay a fixed rate of interest. Government bonds (gilts) are the best known example..

(DRP)A plan which allows private investors to reinvest cash dividends from their investments cheaply.