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

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

A bond issued in sterling by a foreign institution or.

(EDSP)The price which determines the price for physical delivery of the underlying instrument or the price.

(EFP)A transaction in which one party buys the physical commodity and simultaneously sells futures and.

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

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

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

A certificate, issued by a bank to a depositor, indicating a sum of money has been deposited for a.

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

Cash, cheques etc. which circulate in an economy as an accepted means of.

A mutual fund which invests in bonds which may be government, municipal or.

(FSAVC) An employee's pension scheme which is additional to but independent from his occupational pension.

Where documents presented by an Exporter under a Letter of Credit do not comply with the terms of the Letter of Credit or are inconsistent with other documents presented.

Taxes which are imposed directly on the individual paying them. Examples of direct taxation are.

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

A person specialising in insurance matters and who gives advice on the subject as well as arranging.

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

A type of mortgage where interest repayments to the lender are fixed until maturity or for a.