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

Investment jargon for not keeping all your eggs in one basket. Diversification implies that you.

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

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

A bank account which offers a number of facilities including cheque book for debt.

The ratio between a company's earnings (net profit after tax) and the net dividend paid to.

An order to execute a transaction in one security that depends on the price of another security..

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.

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

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

See: 'irredeemable.

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

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.

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

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

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

A formula closely related to Net Present Value which springs from the idea that

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

An arrangement in which two parties exchange a series of cashflows in one currency for a series.