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.

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

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

An option strategy in which one call and one put with the same strike price and expiration are.

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

A computerised payment system for clearing cheques in the.

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

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

See: 'waiver of.

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

A business owned and operated by its.

Debts owed by a company which are due for settlement within 12 months. These include creditors and...

An extensive property.

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

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

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

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

A company jointly owned by the London Stock Exchange and FT which creates and compiles financial.

The period following the dividend declaration date to the date of record during which a stockholder.