A term which applies to trusts without an interest in possession (for example a discretionary trust).

A situation where an individual is incapable of settling his/her debts and has been served a.

A negotiable instrument is any document, which permits one party to transfer their rights to a second party by endorsing and delivering the document to the second party. An instrument is only fully negotible when the party transferring it receives value a ...

Regular investment of a fixed dollar amount in a mutual fund with dividends.

A self regulated London exchange serving world wide interests. It is the world's premier maritime.

Units in a unit trust where the income from the trust's investments is reinvested in the trust.

Uses a large historical price database to evaluate a trading system's.

A person trained and specialising in risk, statistics and finance who gives advice on insurance and.

A trust which allows parents to give capital to a child and have the income from that capital.

(ARM)In the US, a mortgage in which the interest rate is liable to change over the term of the loan and.

In the futures market the price of a contract for future delivery of a commodity usually trades.

A fund in which the objective is to outperform the market average by actively seeking out stocks.

Bankers Automated Clearing Services BACS is an APACS clearing company which provides an automated clearing service for payments.

Commodities such as metals, coffee and grain which are bought and sold for use as opposed to hedging.

A system operated by the clearing banks in which a paper slip/document instructs a bank branch to.

The document which lists the regulations that govern the running of a company. Articles of.

An income tax allowance to single people including widows/widowers, separated spouses etc who are.

An individual legally appointed by a court to settle the affairs of a deceased person who failed to.

A takeover bid which is so generous to the shareholders of the target company that the directors.

One of the main components of a company's Report and Accounts, the balance sheet provides a.