The online dictionary of financial terms
Terms beginning with A
- A-Day
6th April 2006, when wide-ranging pension reforms, designed to simplify and streamline the whole system, were introduced. The changes covere...(Read more) - Abandoned Option
Where an option is neither sold nor exercised but allowed to lapse at expiry....(Read more) - Abandonment
1. Generally in law, the voluntary relinquishing of all rights, title or possession of property such as trademarks, copyrights and patents....(Read more) - Absolute Return Fund
Absolute return strategies derive returns from active management with little or no underlying market exposure, seeking to achieve positive r...(Read more) - Acceptance
The writing of the word 'accepted' on the face of a bill of exchange by the drawee together with his/her signature indicating that the bill ...(Read more) - Accepting House
An organisation, usually a merchant bank, that accepts or guarantees bills of exchange and so finances trade deals and goods being shipped. ...(Read more) - Access
A former credit card system that was sold to Mastercard and discontinued....(Read more) - Accident Insurance
Insurance that pays out in the event of an accident. Items typically covered are medical expenses and loss of earnings. If, for example, the...(Read more) - Accidental Death Insurance
Insurance that pays a lump sum when the death of the insured has been caused by an accident....(Read more) - Account Management Profile System
In the US, this system provides access to information helpful to the NYSE staff in managing day-to-day relationships with listed companies, ...(Read more) - Account Payee
Also 'account payee only'. Words written on the face of a cheque between two parallel lines. The purpose is to ensure that the cheque may on...(Read more) - Account Sale
A statement by a commodity broker to a client when a futures transaction is closed out. Sometimes referred to as a P&S (Purchase and Sale St...(Read more) - Accounting Reference Date
When a company is incorporated, it will usually have an accounting reference date that is the last day of the month in which the anniversary...(Read more) - Accounting Standards Board
UK body that sets accounting standards. It is recognised for that purpose under the Companies Act 1985 and took over the task of setting acc...(Read more) - Accounts Payable
Amounts owed by an organisation or individual to another for goods or services it has received....(Read more)