(ERM)The mechanism by which members of the EC formerly operated their currency exchange rates within.

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

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

A life insurance policy which pays a benefit on the death of the insured but which also provides a.

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

US dollar currency deposited in banks outside the.

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

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

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

The average rate at which a particular financial parameter compounds up over a period of.

See: 'condor.

A term used by the London Stock Exchange to denote that a trade was reported for a transaction.

(GNP)The total value of all goods and services produced by a country. Real growth in GNP measures the.

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.

An index of a range of Government Securities (gilts).

The difference between the selling price of an item and the purchase or manufacturing cost,.

A deduction of either 50% or 100% which is made from the value of business property when it is.

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

A bank account set up to control a person's regular expenditure. The account would typically.