A strategy in options trading in which an option is purchased at an exercise price below that of the.

Instead of making an initial charge, some unit trust companies (particularly PEP managers) make a.

A term normally associated with accident insurance. Under certain conditions, for example a road.

Interest cover measures the amount of interest paid by a company on its borrowings against its.

The unofficial trading of securities before their formal issue.

Liabilities that may or may not be incurred by a company and which depend on the outcome of say a.

In 1887 Charles Dow (as in 'The Dow Jones') developed two stock market 'averages':

A bond in which a single premium secures a guaranteed amount at its maturity.

Interest earned by deposits at banks and financial institutions, or on gilts etc. before.

A type of bond devised by the US Treasury secretary, Nicholas Brady, in 1989, and issued by a.

Gold or silver in the form of ingots for bulk.

The standard promulgated by the Accounting Standards Board which requires that all sources of.

An options strategy which has the same risk-reward profile as another strategy. For example, a long.

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

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

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

The period during which an annuity is paid irrespective of whether the annuitant dies during that.

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

(GPP)At its simplest, this is a series of individual personal pension plans, although if an employer.

See: 'scrip.