A company which owns a number of other companies with widely diversified.

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

The Financial Times 100 Share Index (FTSE 100.

The cost to a company of producing goods. Similarly with a retailer or distributor type business,.

An account with a bank or financial institution which earns interest normally proportional to and.

In the US, a closed end fund with a limited life and two main classes of shares. Holders of.

A reference to the major operational changes on the London Stock Exchange which took place on.

(IFP)The UK professional body committed to the development of financial planning. The Institute was set.

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

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

The amount payable by the insured in return for indemnification against specified.

(EMS)The monetary system of the EC which attempts to reduce the currency variations between members. The.

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

A document, relevant to life assurance, personal pension and unit trust products, which is given to.

A former tax on a deceased person's estate and the forerunner of capital transfer tax which itself.

(Bridging loan) (Bridging loan) The phenomenon of rising share prices amid a mood of general euphoria, leading (inevitably,.

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

A charge imposed by a management company on a mutual fund or unit trust to cover administration.

Before any deductions, particularly tax.

The unofficial trading of securities before their formal issue.