The major regulatory bank in a country, usually government controlled.

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

To purchase enough of the available supply of a commodity or stock in order to manipulate its.

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

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

Convertibles are bonds issued by companies which can be converted into ordinary shares or.

The process of moving payments between accounts from different banks or.

A document on which changes or additions are made to an existing signed will. Both the will and the.

Aggregated forecasts drawn from a number of different brokers about the likely future earnings of.

The payment of a dividend by a company out of its.

Life assurance where payment of the sum assured depends on an event or events additional to the.

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

A with profits life assurance bonus, normally added annually to the policy, which is based on the.

A certificate issued on the occurrence of a chargeable event. Details listed include the amount of.

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

The movement of a futures price towards that of the underlying instrument as the contract date.

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

A card, issued by a bank (or a building society in the UK), which guarantees the payment of a cheque.

Corporate bonds are issued by companies to raise capital. They are an alternative to issuing new.

A contract between an insurer and the insured. The insurer agrees to pay money to the insured upon.