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

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

The proportion of a share portfolio at risk in a certain area. So of you have half of your portfolio.

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

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

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

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

Rent payable by the owner of a leasehold property to the freehold.

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

In the trading terms between companies, credit is the value of goods which one company will supply.

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

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

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

People or companies who are owed money by.

See: 'split capital investment.

(ECU)A weighted average of European Community currencies with weighting tending to be proportional to a.

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

Options on the shares of companies. Equity options are traded in the UK at the London International.