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

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

The yield on a security purchased at a price below its face.

An endowment assurance, on the life of a child, which can be taken as cash at maturity or converted.

The distribution of part of a company's earnings to shareholders, usually twice a year in the.

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

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

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

The sale of an option, by a holder, identical to the option which is held. This transaction.

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

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

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

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.

A defensive regulation which some stock exchanges have to limit the damage of a sharp fall in.

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

An asset pledged as a guarantee to a lender until a loan is repaid. If the borrower defaults,.

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

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

(Forex) Currencies issued by foreign.