(IFP)The UK professional body committed to the development of financial planning. The Institute was set.

In the US, a closed end fund with a limited life and two main classes of shares. Holders of.

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

An account with a bank or financial institution which earns interest normally proportional to and.

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

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

The standard promulgated by the Accounting Standards Board which requires that all sources of.

Interest cover measures the amount of interest paid by a company on its borrowings against its.

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

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

A strategy in which one call and one put with the same expiration, but different strike prices, are.

Assets of a company which are regularly turned over including cash, work in progress and.

A charge imposed by a management company on a mutual fund or unit trust to cover administration.

(Bridging loan) (Bridging loan) The phenomenon of rising share prices amid a mood of general euphoria, leading (inevitably,.

A certificate, issued by a bank to a depositor, indicating a sum of money has been deposited for a.

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

A combined index of the FTSE 100 and the FTSE 250. See also FTSE Actuaries All-Share.

A document, relevant to life assurance, personal pension and unit trust products, which is given to.

The unofficial trading of securities before their formal issue.

A former tax on a deceased person's estate and the forerunner of capital transfer tax which itself.