A currency which is deposited in banks outside its country of origin. For example the eurodollar,.

(EMS)The monetary system of the EC which attempts to reduce the currency variations between members. The.

A clause in an insurance policy which specifies items or conditions not covered.

The amount payable by the insured in return for indemnification against specified.

In the US, federal and state taxes on the sale or production of certain types of products such as.

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

A bond sold without the right to the next interest.

A strategy in options trading in which an option is purchased at an exercise price below that of the.

The exchange rate between two currencies, other than those that form a market's principal rates..

Purchase of a security without entitlement to current dividends, rights issues or scrip issues. .

When an option holder takes up his option to buy or sell the underlying instrument (for example.

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

When a company decides to list its shares on a stock market it has to go through an elaborate.

A tax imposed on certain types of products including alcohol and tobacco which are produced in the.

(IPE) Europe's leading energy futures and options exchange and the second largest in the.

If a pension pays less than this limit, the whole of the member's share of the pension fund can be.

Corporate and government bonds are generally considered a safe form of investment compared to.

An investor who believes that the prices of shares are going to rise. He is therefore a buyer in.

The purchase by a listed company of its own shares either in the open market or by tender offers..

See: 'National Insurance (NI) Basic.