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

See letters of credit for a full explanation

Slang term for a disreputable brokerage.

The level of a company's sales at which neither a profit nor a loss is.

A financial ratio which shows how easily the company could pay its bills if all its creditors.

The last day on which an option can be traded (American style exercise). Issued in connection with documents such as letters of credit, tariffs etc. to advise that stated provisions will expire at a certain time.

The proportion of a share portfolio at risk in a certain area. So of you have half of your portfolio.

An endowment policy in which the savings element is significantly.

September 16, 1992: the day the pound was driven out of the Exchange Rate.

Crest is an electronic system of settlement for the equities market in the UK and Ireland which.

A scheme set up to give limited protection to people with share and/or deposit accounts in.

People or companies who are owed money by.

Transfer of title from seller to buyer without physical movement of.

See: 'calendar.

In the US, a type of security, generally issued by a railroad, to pay for new equipment. Title to.

A four-sided option spread that involves a long call and a short put at one strike price as well as.

The purchase of new shares by an underwriter who subsequently attempts to resell to the market for a.

A tax-efficient investment vehicle, designed to provide venture capital funds for small businesses..

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

A bank organised in the US which provides all the stock transfer and agency services in.