People resident and domiciled in the UK are liable to income tax from their world-wide income.

The purchase of an option, by a writer, which has the same terms as an option which has previously.

The 14 day period during which a new policy holder can cancel an insurance/assurance policy. This.

An order to execute a transaction in one security that depends on the price of another security..

The purchase of accepted term Bills of Exchange at a discount to allow for the funding of the advance from the discount date until the maturity date of the bills.

See: 'irredeemable.

A payment system in which the payer authorises the payee to take funds from his bank.

Investment jargon for not keeping all your eggs in one basket. Diversification implies that you.

Purchase of shares without entitlement to current dividends. This entitlement remains with the.

The setting of the price (which then remains fixed) for forward dealing. This occurs at the time.

A type of commodity-product spread involving the purchase of crude oil futures and the sale of.

A bank account which offers a number of facilities including cheque book for debt.

An individual or organisation who seeks to take over a company by purchasing its.

A formula closely related to Net Present Value which springs from the idea that

A private trust which empowers trustees to use their discretion in distributing funds to.

See Advance Payment Guarantee, Bid Bond/Guarantee, Performance Bond/Guarantee.

A product such as an automobile or appliance whose life expectancy is at least three.

Debts owed by a company which are due for settlement within 12 months. These include creditors and...

These are special foreign currency denominated bank cheques which customers can buy at any branch and send to their clients to pay off debts.

An independent organisation, appointed by an exchange, which guarantees securities.