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

See: 'National Insurance (NI) Basic.

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

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

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

See 'redemption.

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

See: 'bond.

US dollar currency deposited in banks outside the.

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

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

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

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

A freehold property given as a gift in a.

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

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

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

Transfer of title from seller to buyer without physical movement of.

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

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