The government department which collects customs and excise duties and.

A term previously given to the shares of smaller companies traded far less frequently on the London.

A person entrusted to manage the assets and interests of another. For example, an executor in a.

An option is deep in-the-money when it is so far in-the-money that it is unlikely to go.

A spread strategy that decreases the account's cash balance when it is established. A bull spread.

See: 'cancellation.

Net borrowings of a company divided by shareholders' funds. The ratio shows the amount of.

The process by which building societies and mutual insurers convert themselves from mutual.

Futures contracts where the underlying instruments are financial such as shares, interest rates,.

Family income assurance in which the assured may, if he or she chooses, increase premiums in line.

In the US, a board of Directors comprised of seven members which directs the federal banking system,.

(IRA)In the US, a tax-deferred retirement savings account which may be set up by people in employment. .

Money owed by an individual or company to another individual or.

A term used in permanent health insurance which refers to a period, prior to payment by the.

(GATT)A trade agreement between a large number of countries, dating back to 1948, which was set up to.

Gilts are fixed income or index-linked bonds issued by the UK Government.

This is an insurance policy purchased by a seller to provide protection against non-payment by a buyer due to insolvency or political/economic turmoil in the buyers country.

Money received by an individual as a salary, or from investments. Cash deposits and bonds will.

(ISA)A tax-favoured savings account introduced on 6th April 1999 which replaced PEPs and TESSAs. ISAs.

In general terms, the increase in value of an asset. As far as shares are concerned,.