A combined mortgage and current account. Any savings each month earn the mortgage rate, which is a.

The amount chargeable to capital gains tax (CGT) from gains made on the disposal of an asset. In.

A Transferable Letter of Credit allows the beneficiary to pass on the benfit of a Letter of Credit to one or more third parties. Normally used by companies that source rather than produce goods.

The concept that justifies investment in stocks, where your capital is at risk, rather than.

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

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

Assets of a company which are regularly turned over including cash, work in progress and.

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

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

A combined index of the FTSE 100 and the FTSE 250. See also FTSE Actuaries All-Share.

Insurance which covers the insured against specified critical illnesses such as cancer, heart attack.

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

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

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

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

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

See: 'condor.

The amount by which a company's assets outweigh its liabilities, expressed as a absolute.

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

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