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

In the US, an annuity which guarantees payments to an annuitant which are fixed for life or a.

The market of securities trading without the participation of brokers, thus obviating commission.

International Securities Clearing Corporation

The true owner of a security or property which may be registered in another name.

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

Bank for International Settlements The central bankers' bank, based in Basle,.

A charge imposed by a fund management company to cover administrative and marketing costs, and to.

A person who commits to guarantee the debts of another. For example if an individual fails to meet.

(PSO)See: 'Pension Schemes Registry' of the Inland.

An agent, broker or financial institution who can give advice and act as a middle person between a.

An expression used to describe the market in the underlying instrument (for example, shares,.

The addition of a per unit tax

The process of payment clearance between two.

When a company is about to have a new issue of shares (possibly an IPO), its advisers may well do.

The number of shares of a company on sale to the public at a given time.

A term used by the London Stock Exchange to denote that a transaction was reported using the block.

(GNMA)In the US, a government-owned corporation which guarantees payment of interest and principal of.

A document, issued by a person or company, indicating to the recipient the amount of money owed to.

'Mutual' non-profit-making institutions set up to lend money to their members for house purchase..