The difference between the net asset value (NAV) per share of an investment trust and the share.

The 14 day period during which a new policy holder can cancel an insurance/assurance policy. This.

An individual or organisation who seeks to take over a company by purchasing its.

The interest rate at which the US Federal Reserve lends money to member.

Purchase of shares without entitlement to current dividends. This entitlement remains with the.

A type of commodity-product spread involving the purchase of crude oil futures and the sale of.

The purchase of accepted term Bills of Exchange at a discount to allow for the funding of the advance from the discount date until the maturity date of the bills.

People resident and domiciled in the UK are liable to income tax from their world-wide income.

See 'time.

A transaction which leads to a chargeable gain and which in turn promotes the issuing of a.

An independent organisation, appointed by an exchange, which guarantees securities.

See Advance Payment Guarantee, Bid Bond/Guarantee, Performance Bond/Guarantee.

A product such as an automobile or appliance whose life expectancy is at least three.

A private trust which empowers trustees to use their discretion in distributing funds to.

Purchase of shares without entitlement to current scrip issues. This entitlement remains with the.

The setting of the price (which then remains fixed) for forward dealing. This occurs at the time.

See: 'irredeemable.

A security which gives the holder the right to acquire a share or bond at a specific price and date..

These are special foreign currency denominated bank cheques which customers can buy at any branch and send to their clients to pay off debts.

A payment system in which the payer authorises the payee to take funds from his bank.