The volatility of the underlying instrument implied by the market value option's.

A dealer in shares prior to the event known as Big Bang in October 1986. Jobbers dealt with.

An economic situation in which there is a general fall in the level of.

Each taxpaying individual in the UK is entitled to an annual exemption of

Money, in the form of notes and coins, which constitutes payment for goods at the time of.

See 'personal equity.

In financial services, the period after signing a contract during which customers are entitled to.

A mortgage which guarantees the interest rate charged will remain sandwiched between two specified.

The date by which a shareholder must own shares in order to qualify for a.

When the stock market opens above or below the close on the previous day, this is known as a.

A company's expenditure to acquire capital.

In the US, a reputable stock with a record of consistently high dividend payments to.

Income usually relevant to two people (for example man and wife) which continues until the death of.

Generic term for insurance covering costs incurred due to illness, injury and.

A corporate restructuring in which one part of a company is spun off as a new company, often.

The legal liability of two or more people for claims against or debts incurred by them jointly. If.

(EPO)An initial public offering, or new issue of shares, in which the process of applying for shares.

An endowment plan which carries an option at maturity for the proceeds to be paid in the form of a.

The theoretical price at which a futures contract should trade to be equivalent to the purchase.

(FNMA)In the US, a government-backed corporation which purchases mortgages from lenders and resells them.