A term used in options trading. It is a straddle using options with different exercise prices, where.

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.

A computerised payment system for clearing cheques in the.

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

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

A transaction which leads to a chargeable gain and which in turn promotes the issuing of a.

An office, represented in most towns in the UK, where the public can obtain free advice on an.

See: 'irredeemable.

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.

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

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

A security which gives the holder the right to acquire a share or bond at a specific price and date..

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

An arrangement in which two parties exchange a series of cashflows in one currency for a series.

Corporate bonds are issued by companies to raise capital. They are an alternative to issuing new.

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

The interest rate at which the US Federal Reserve lends money to member.

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

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