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

See: 'condor.

A freehold property given as a gift in a.

Taxation of corporate earnings and subsequently taxation of.

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

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

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

Index-linked savings certificates. They were originally introduced for people who were over.

(GPM)A mortgage scheme in which monthly payments commence at a lower level and increase over a period of.

A company which invests the funds of small private investors in a range of securities. This enables.

See: 'National Insurance (NI) Basic.

In the UK the four large clearing banks: Lloyds TSB, Barclays, HSBC and Royal Bank of.

Crest is an electronic system of settlement for the equities market in the UK and Ireland which.

An accounting term which refers to the amount of income a company receives in the form of interest.

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

A currency which is deposited in banks outside its country of origin. For example the eurodollar,.

The Financial Services Act 1986 defines investment business to include dealing, arranging deals in,.

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

The exchange rate between two currencies, other than those that form a market's principal rates..

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