A bank jointly owned by a number of other banks. An increasingly unfashionable way for small banks.

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

(Forex) Currencies issued by foreign.

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

A term used in wills which refers to the personal possessions of the maker of the will. Such items.

(CTA)Oversees the operations of the US 'consolidated tape', which it developed, under a formal 'CTA Plan'.

A situation in futures trading where the future delivery price is greater than the cash or nearby.

Unjustified overtrading by a stockbroker or fund manager.

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.

The yield on a security before the deduction of tax. Yield is a measure of the return on an.

Insurance which gives cover in respect of the contents of a home. This includes damage, theft or.

A term used in life assurance where under certain conditions, life assurance premium relief.

A protective options strategy in which a written call and a long put are taken against a previously.

A formal notice to the writer of an option from a clearing house that an option has been exercised.

An account, with a bank (or additionally a building society in the UK) into which deposits are made.

The terms which apply when convertible loan stock, for example, a bond or a debenture, are.

The simultaneous purchase of a stock, the purchase of a put, and the sale of a call, creating a.

An approach to stockpicking which focuses on the search for shares whose prices have dropped so low.

A trust which has been registered with the appropriate authority and which enjoys income tax.