A market in which there are more sellers than buyers resulting in falling.

A fund which is managed 'aggressively' to get maximum rates of returns by using derivatives and.

The number of futures or options contracts required to hedge/counteract the exposure in the.

A strategy employed in a futures market to reduce risk.

The government department which collects customs and excise duties and.

In the US, assets owned by a company but undervalued on the balance sheet and accordingly not.

A fund which aims to pay a high dividend to its shareholders by investing in bonds or other.

A mortgage which is low in comparison to the amount deposited in cash by the.

A bond, issued by a highly regarded company or municipal authority with a rating of AAA or.

The shares of companies participating in high technology fields such as computers, semiconductors.

Stocks whose dividend payouts are high as a proportion of their share price. This could either be.

An income tax coding allocated to people who pay tax at the higher rate.

The highest rate of income tax in the UK which in the 2002-2003 tax year is 40%. The rate is.

A transaction in which the purchaser of goods pays an initial deposit and takes possession. .

A measure of actual stock price changes over a specific period of time. Defined as the standard.

The practice of deferring capital gains tax liability on a gift by transferring the liability to.

A person in possession of a negotiable instrument such as a bill of exchange or promissory.

The owner of securities whose name is registered by the issuing company or its transfer agent as.

A company which holds the majority of shares in its subsidiaries. Also known as the parent.

The length of time an individual retains an investment.