A Transferable Letter of Credit allows the beneficiary to pass on the benfit of a Letter of Credit to one or more third parties. Normally used by companies that source rather than produce goods.

See: 'split capital investment.

A legal term given to an investor whose experience is such that members of the FSA are entitled to.

An option which can only be exercised by the holder at expiry (unlike American style options which.

A measure of the rate of change in an option's delta for a one-unit change in the price of the.

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

A region in which businesses get special tax advantages (including exemption from business rates) as.

A forward pricing sales arrangement in which the cash price is determined, either by the buyer or.

The policy of selecting stocks for your portfolio partly on the grounds of the ethical or.

A freehold property given as a gift in a.

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

A facility on a website which allows users to write messages on a particular subject and 'post'.

(EEC)The original economic community set up in 1957 by the 6 founder members ( France, West Germany,.

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

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

(IMF) A fund formed in the mid 1940s by industrialised countries to stabilise exchange rates, promote.

A reversal pattern in technical analysis.

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

In the United States, commonly known as a "Draft." However, bill of exchange is the correct term.

A US term which describes the situation in which a takeover target buys back its own shares from a.