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

Gold or silver in the form of ingots for bulk.

(EMS)The monetary system of the EC which attempts to reduce the currency variations between members. The.

A clause in an insurance policy which specifies items or conditions not covered.

A reversal pattern in technical analysis. Technically, it is an decline to one price level,.

See: 'condor.

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

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

If a pension pays less than this limit, the whole of the member's share of the pension fund can be.

A bond sold without the right to the next interest.

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

When a company decides to list its shares on a stock market it has to go through an elaborate.

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

A tax imposed on certain types of products including alcohol and tobacco which are produced in the.

In the US, federal and state taxes on the sale or production of certain types of products such as.

An investor who believes that the prices of shares are going to rise. He is therefore a buyer in.

Benefits to employees additional to salary. Typical examples would be company cars, expense.

A plan which enables investors to accumulate shares in a mutual fund by purchasing them on a regular.

See: 'National Insurance (NI) Basic.

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