A card, issued by a bank (or a building society in the UK), which guarantees the payment of a cheque.

A computerised payment system for clearing cheques in the.

A local taxation system which was introduced on 1st April 1993 to replace the previous and.

A company jointly owned by the London Stock Exchange and FT which creates and compiles financial.

(CTA)Oversees the operations of the US 'consolidated tape', which it developed, under a formal 'CTA Plan'.

Unjustified overtrading by a stockbroker or fund manager.

A term used in life assurance where under certain conditions, life assurance premium relief.

A defensive regulation which some stock exchanges have to limit the damage of a sharp fall in.

A trust which has been registered with the appropriate authority and which enjoys income tax.

A protective options strategy in which a written call and a long put are taken against a previously.

A bank jointly owned by a number of other banks. An increasingly unfashionable way for small banks.

The simultaneous purchase of a stock, the purchase of a put, and the sale of a call, creating a.

(Forex) Currencies issued by foreign.

A situation in futures trading where the future delivery price is greater than the cash or nearby.

The purchases and sales made by directors of shares in the publicly quoted companies for which.

An account, with a bank (or additionally a building society in the UK) into which deposits are made.

An approach to stockpicking which focuses on the search for shares whose prices have dropped so low.

The terms which apply when convertible loan stock, for example, a bond or a debenture, are.

A formal notice to the writer of an option from a clearing house that an option has been exercised.

The yield on a security before the deduction of tax. Yield is a measure of the return on an.