A broker who buys and sells shares on the instructions of clients but who offers no advice about.

A bonus declared by life companies when maturity of a with profits policy or death of the assured.

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

A bond, issued and underwritten by international syndicates of banks and issuing houses and sold to.

The level of a company's sales at which neither a profit nor a loss is.

If an employee incurs expenses wholly on behalf of his company which are not reimbursed, such.

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

The total value of a deceased person's assets.

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 ...

(Bridging loan)See: 'money supply.

An income tax coding allocated to people who pay tax at the higher rate.

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

A tax-efficient investment vehicle, designed to provide venture capital funds for small businesses..

(IPE) Europe's leading energy futures and options exchange and the second largest in the.

The highest rate of income tax in the UK which in the 2002-2003 tax year is 40%. The rate is.

A payment made out of a sense of moral rather than legal.

Insurance which extends the term of a warranty, typically covering repairs on appliances and cars,.

People or companies who are owed money by.

A policy which covers the insured and usually his/her family for the duration of their holiday. .