Instead of making an initial charge, some unit trust companies (particularly PEP managers) make a.

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

A life insurance policy which remains in force where the insured has paid premiums over part of the.

See: contingency.

An accounting term which refers to the amount of income a company receives in the form of interest.

A legal term given to an investor whose experience is such that members of the FSA are entitled to.

Taxes which are imposed directly on the individual paying them. Examples of direct taxation are.

The unofficial trading of securities before their formal issue.

Interest earned by deposits at banks and financial institutions, or on gilts etc. before.

(CBI) An independent non-profit making, non party political organisation which represents the interests.

The period during which an annuity is paid irrespective of whether the annuitant dies during that.

A property trust which invests in enterprise.

The difference between the selling price of an item and the purchase or manufacturing cost,.

The average rate at which a particular financial parameter compounds up over a period of.

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

UK shareholders receive dividends with a tax credit of 10%. This means that a notional 10% tax.

In 1887 Charles Dow (as in 'The Dow Jones') developed two stock market 'averages':

The amount of authorised share capital that shareholders have actually subscribed to a company for.

Liabilities that may or may not be incurred by a company and which depend on the outcome of say a.

(EFP)A transaction in which one party buys the physical commodity and simultaneously sells futures and.