The main rate of income tax in the UK, which for the year 2002-2003 is 22%. The rate is applied.

A term used in conjunction with policies such as low cost endowment assurance and low start.

A guarantee issued by a bank, on behalf of a seller to a buyer, in relation to any advance payment that is made by the buyer to the seller to allow the contract to commence. If the contract is not completed the buyer can claim reimbursement of the advance ...

See 'state.

(ARPS)Preferred stock which pays a dividend in line with interest rates generally rather than a fixed.

A tariff term referring to ocean rate less accessorial charges, or simply the base tariff rate.

A company which is in severe trouble, but still with some hope of recovery, may be put into the. – As used in international conventions, the government of the state whose flag the ship is flying.

The concept in technical analysis that a trend in a share price is more meaningful if the number of.

The maximum credit an individual may secure from his/her.

This is when a load is sent in more than one consignment. In a letter of credit, the buyer can say whether this is allowed or not allowed.

A combination of banking and insurance business. A high street bank, for example, might sell both.

A legal document which records the obligation of one individual to pay a specified sum to another.

An annual charge made in a company's profit and loss account to reduce the value of an asset to zero.

Association of Unit Trusts and Investment Funds A trade association formed in 1959 to represent the interests of unit trusts and known then as.

See 'reversionary.

A bank operating in the seller's country, that handles letters of credit in behalf of a foreign bank.

It used to be the case that you could only receive your pension from a personal pension plan by.

The ratio of annual sales divided by net assets employed in the.

A mutual fund which invests in a balance of common stock, bonds and preferred stock with an.

(AMEX)A stock exchange located in Manhattan where stocks of small to medium sized companies are.