The inability of a person or company to settle debts when they become.

The government department responsible to the Treasury for the collection of direct taxes which.

The value of a business to a purchaser over and above its net asset value. It reflects the value.

The use of spending and taxation by the government in order to achieve its economic objectives. Put.

Extra bits added on to a derivatives instrument or securities issue with the intention of.

When all money in a portfolio is invested in securities as opposed to retaining some cash, it is.

A mortgage which carries priority over any subsequent mortgages if the borrower goes into default.

The raising of capital by a borrower from his existing mortgage lender.

A company's finished goods, work in progress and raw.

The twelve month period commencing 6th April and ending 5th April the following.

Is a key ratio used in.

The process of payment clearance between two branches of the same.

(Bridging loan) Commission or fees charged by a broker for conducting transactions for its.

The last day on which the beneficiary can present a valid claim to the bank.

Entity to whom money is payable.- The entity for whom a letter of credit is issued. - The seller and the drawer of a draft.

A loan made by an employer to an employee on which interest is either not charged or is less than.

The addition of a per unit tax

The last day on which the seller can present documents to the advising or issuing bank.

When a company that is registered for value added tax (VAT), buys goods or services from another.

A unit trust which invests in other unit trusts, providing the investor with double diversification..