Purchase of a security without entitlement to current dividends, rights issues or scrip issues. .

A website which provides information on a variety of collective investment funds from several.

A system for the distribution of bank giro credits and other credits between banks to enable funds.

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

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

An endowment policy in which the savings element is significantly.

See D/P and D/A.

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

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.

A bank account set up to control a person's regular expenditure. The account would typically.

A mutual fund or unit trust which aims to provide investors with a balance of income and capital.

When a company announces a rights issue, existing shareholders get the right to buy new shares,.

A company (or person) making an unwanted counter bid for another company, whose intentions are.

The bank that issues a Letter of Credit on behalf of the Importer.

Yield calculations on bonds aim to show the return on a gilt or bond as a percentage of either.

A strategy in which one call and one put with the same expiration, but different strike prices, are.

A term which means in the meantime. See 'interim bonus' and 'interim.

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

The generic name for a tradable loan security issued by governments and companies as a means of .

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