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

See: 'gilt-edged.

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

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

A bank organised in the US which provides all the stock transfer and agency services in.

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

A market in which prices are rising and in which investor confidence in the continuation of rising.

A mutual organisation whose funds, after the deduction of running costs, are owned by its.

See letters of credit for a full explanation

A four-sided option spread that involves a long call and a short put at one strike price as well as.

See: Her Majesty's Customs and.

The country in which a person lives. Important for tax purposes to establish your domicile in the.

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

An abbreviation for Electronic Random Number Indicator Equipment which selects the prizes in the.

(EPP)A pension plan which is tailored for directors and senior executive.

The books in which the transactions of a business are.

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

An endowment policy in which the savings element is significantly.

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

(FOOTSIE)An index of the share prices of the 100 largest companies (by market capitalisation) in the UK.