A mortgage which guarantees the interest rate charged will remain a set number of percentage points.

The refusal to pay or accept a Bill of Exchange.

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

The index of the share prices of the companies which are listed in the FTSE Actuaries All-Share.

The permanent ownership of land or buildings which can be legally passed on to heirs and the most.

In the US, financial protection of certain bank and credit union accounts by way of insurance.

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

This is where a bank other than the issuing bank also guarantees payment under the letter of credit. It normally is used if a seller finds the issuing bank an unacceptable risk and asks his or her own bank or another acceptable bank to guarantee (confirm) ...

Insurance which provides an income to policyholders when they are unable to work due to an.

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

A local taxation system which was introduced on 1st April 1993 to replace the previous and.

An allowable expense subtracted from gross income to reduce income tax liability. An exemption.

The highest closing price for a specific security over the last 52.

A company which owns a number of other companies with widely diversified.

This is where a seller sends documents relating to a shipment through his or her bank to the buyer's bank asking that they are released when a payment is made (CAD or D/P) or a bill of exchange is accepted (D/A).

A banking term which refers to the branch which accepts cheques to be credited to its customers'.

(CAES)An NASD inter-dealer automated execution system for listed 19c-3 securities. CAES is the NASD link.

A way of valuing a share based on the net present value of the dividends that you expect to.

See: 'irredeemable.

A tax payable by a company on its profits. The full rate is 30%, but there is a lower rate for.