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

See: 'calendar.

When an option holder takes up his option to buy or sell the underlying instrument (for example.

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

The last day on which an option can be traded (American style exercise). Issued in connection with documents such as letters of credit, tariffs etc. to advise that stated provisions will expire at a certain time.

The purchase of new shares by an underwriter who subsequently attempts to resell to the market for a.

Insurance which covers the monthly payments on an outstanding debt for a fixed period, in the event.

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

An endowment policy in which the savings element is significantly.

A scheme set up to give limited protection to people with share and/or deposit accounts in.

The practice of deferring capital gains tax liability on a gift by transferring the liability to.

(HRP)A scheme which preserves your rights to a basic state pension during periods when you are caring for.

Insurance which covers the policyholder against certain building losses or damages which may occur. .

People or companies who are owed money by.

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

A financial ratio which shows how easily the company could pay its bills if all its creditors.

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 bond which gives capital growth at.

The American Stock Exchange which was originally known as the Curb.