Glossary

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Over 1000 resources
1988 Lugano Convention
AGM
AIM Rules for Nominated Advisers
ASB
ASC
Above the line
Absolute discharge
Absolute leasehold title
Acceptable behaviour contract
Accepting house
Accordion feature
Accounting Standards Board (ASB)
Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
Accounting reference date
Accruals basis
Accrued interest
Acid test ratio
Acquisition accounting
Acting in concert
Action for the price
Actual value
Additional adoption leave (AAL)
Additional liability
Administering authority
Administration (of a deceased's estate)
Administration levy
Admission document
Admission to trading
Advanced Skills Teacher (AST)
Advisory rights
Affiliation privilege
Aggravated damages
Aggravating factors
Agri-environment schemes
All employee share ownership plan (AESOP)
Alphabet notes
Alternatively secured pension (ASP)
Annual accounts
Annual return
Appellant
Applets
Application notice
Application service provider (ASP)
Applications
Applications development
Applications maintenance
Applications system
Appointment (of all or part of a trust fund)
Approved executive share option scheme
Approved person
Arbitrage
Area of outstanding natural beauty (AONB)
Arising basis
Arrangement fee
Asset-backed securities (ABS)
Assets Recovery Agency (ARA)
Assignation
Assumption
Assurance
Attachment
Attestation clause
Auction sale
Auditor's report
Aval
B2B
B2C
BBX
BCE 5B
BCE 9
BIMBO
BIS
BPEO
Bad debts
Bai al inah
Balancing charge
Bandwidth
Bankruptcy
Bareboat charter terms
Barriers to entry
Basic award
Bear market
Bearer-debt securities
Benefit in kind
Best Value Authority (BVA)
Best Value Partnership (BVP)
Betriebsvereinbarung
Betterment
Bid bond
Bilateral facility
Bilateral loan
Blocked account
Board for Actuarial Standards
Bond
Bot
Bought deal
British Isles
British overseas territories
Broadband
Brussels IV
Brussels Regulation
Building scheme
Bull market
Bullet repayment
Business liability
Business name
Buy-in
Buy-in management buyout (BIMBO)
Buyer's profile
CBO
CIC
COT3
CREST
CREST shareholder
CRESTCo
CSOP
CVA
Callable bond
Cap and collar arrangement
Capability
Capital assets
Capital gains tax annual exempt amount
Capital redemption reserve
Capitalisation
Care Trust
Cartel
Case management conference (CMC)
Case management discussions (CMDs)
Cash alternative
Cash annual bonus
Cash equivalent
Cash tender offer
Cash transfer sum
Cash underpinning
Cashless exercise
Centrebind procedure
Certification authority
Change of control clause
Chapter 11
Chargeable gains
Chargeable lifetime transfer
Chargee
Charges on income
Chargor
Charity
Charity Tribunal
Chat room
Chattel mortgage
Children's barred list
Chose in action
City Code on Takeovers and Mergers
Civil partner
Class 1 circular
Class rights
Class tests
Class tests (AIM)
Classical system
Clearance service
Clearing House Interbank Payments System (CHIPS)
Clearing bank
Close out
Close period
Closed record
Closed-end funds
Co-investment plan
CoCo
Collective redundancies
Comité central d'entreprise
Comité de groupe
Commission for Equality and Human Rights (CEHR)
Commitment
Commitment letter
Commorientes
Companies Act individual accounts
Comparable
Comparator group
Competition reference period
Completion of a building or work
Compound interest
Compromise agreement
Compulsory maternity leave
Concentration
Concentrative joint venture
Conduct
Confidentiality agreement
Connected company
Consiglio di fabbrica
Consortium break-up bid
Consortium relief
Consultant
Contingency principle
Contingent convertible bond (CoCo)
Contingent interest
Contra proferentem rule
Contract
Contracted-out salary-related (COSR) scheme
Contribution
Control
Controlled foreign company rules
Copyleft
Corporate PEP
Corporate governance
Costs assessor
Counter credits
Counterclaim
Country-code top-level domain (ccTLD)
Course of dealing
Court of Justice (ECJ)
Court of Justice of the European Union (CJEU)
Covenant
Covenants for title
Credit default swap (CDS)
Cromme Commission
Cross-claim
Cross-collateralisation
Cross-licence
Crown
Cum-rights
Cumulative dividend
Current assets
Customs & Excise
Cy-près
DAC
DAC Report
DMZ
DOLI
DPB
DSL
Damages
Data
Data centre
Data protection
De minimis
De minimis notice
De novo
Dealing notice
Debit collection
Debtor in possession finance
Decision
Declaration
Declaration of trust
Deed
Default interest provision
Deferred consideration
Defined benefit (DB) pension scheme
Defined contribution (DC) pension scheme
Definitive bonds
Demand guarantee
Demilitarised zone (DMZ)
Deposit into CREST
Depositary
Derivative
Derivative contracts
Derivatives
Designated member
Designated professional body (DPB)
Detrimental modification
Development plan
Developmental lease, licence or tenancy
Devolved administrations
Digital certificate
Digital watermark
Digitisation
Disclaimer election
Disclosure Rules
Discrimination
Dismissal
Distributable reserves
Distribution in kind
District judge
District registry
Dividend
Dividend cover
Domestic fund
Dominium plenum
Double taxation relief
Double taxation treaty
Down round
Downstream markets
Drawdown pension fund lump-sum death benefit
Drop hands
Dual contract
EBT
EC Regulation on Insolvency Proceedings (Insolvency Regulation)
ECB
ECJ
EEC
EGM
EMI individual limit
EPS
ESMA Prospectuses: Questions and Answers (ESMA FAQs)
ETFs
EU Service Regulation
Early leaver
Earnings per share (EPS)
Easdaq
Economic value added
Electronic data interchange (EDI)
Electronic means
Employee
Employee benefit trust (EBT)
Employee share option scheme
Employee share ownership plan (ESOP)
Employment Appeal Tribunal (EAT)
Employment agency
Enduring power of attorney
Enforced self-regulation
Engineering Employers' Federation (EEF)
Engrossment
Enhanced capital note
Enhanced protection
Equal Opportunities Commission (EOC)
Equal pay
Equality and Human Rights Commission (EHRC)
Equitable interest
Equity of redemption
Equity partnership plan
Equity ratchet
Escheat
Escrow agent
Euro commercial paper (ECP)
Euro-Sterling
Euronext LIFFE
European Central Bank (ECB)
European Commission
European Community (EC)
European Company Statute
European Convention on Human Rights (ECHR)
European Council
European Court of Human Rights
European Data Protection Supervisor (EDPS)
European Free Trade Association (EFTA)
European Investment Bank (EIB)
European Monetary Union (EMU)
European works council (EWC)
Event of default
Ex cap
Excepted charity
Excepted estate
Excess
Excess layers
Exchange Rate Mechanism (ERM)
Exchange traded derivative
Exchangeable bond
Excluded property
Exclusion clause
Exclusive distribution
Executive agency
Executive director
Executrix
Exemplary damages
Exempt transfer of value (for inheritance tax)
Exercise period
Exercise price
Expert adviser
Exposure draft
Extortionate credit bargain
FCA
FII
FTSE All-Shares Indices
Factoring
Failure costs agreements
Family Proceedings Court
Fast-track admission
Featherweight floating charge
Feu
Feu duties
Fiduciary
Final costs certificate
Finance director
Financial Accounting Standards Board (FASB)
Financial Industry Regulatory Authority (FINRA)
Financial Reporting Standard 17 (FRS 17)
Financial Stability Forum (FSF)
Financial support direction (FSD)
Fixed protection
Fixed rate note
Fixed-share partner
Force majeure
Foreign income dividend (FID)
Foreign private issuer
Forfaiting
Forfeiture
Form 42
Forum non conveniens
Forward exchange contracts
Franchise
Francovich claim
Free-standing additional voluntary contribution (FSAVC)
Functional autonomy
Fundamental breach
Funded credit derivative
Funding bonds
Futures
GMP
Garnishment
Gateway
Gazette notice
Geared rent
Gearing
General Public Licence (GPL)
General meeting
General power of competence
General prohibition
Genuine occupational qualification or requirement
Gesamtbetriebsrat
Gift with reservation of benefit (GROB)
Gilt-edged securities
Global bond
Gold book
Golden parachute
Good leaver/Bad leaver
Government Actuary's Department (GAD)
Greater London Authority (GLA)
Green clause letter of credit
Green sourcing
Grey market dealing
Grey market trading
Gross up
Ground rent
Guardian
HM Revenue & Customs (HMRC)
Hague Service Convention
Haircut
Hardening period
Hardware
Headline rent
Heads of agreement
Higgs report
Hold-over relief
Hollow tranche
Home state
Host
Host state
Hostile bid
Hotchpot
Hyperlink
IAS accounts
IAS individual accounts
ICC
ICE Futures Europe
ICSID Convention
IPE
IPMA
ISD
ISD2
ISDN
ISLA
ISP
Ijara
Impaired
Implied trust
Imputation system
In arrear
Income tax personal allowance
Incorporeal hereditaments
Incumbrance
Indexation allowance
Individual support order (ISO)
Information society service
Injunction against unlawful use of premises
Input tax
Insider dealing
Institute of Chartered Secretaries and Administrators (ICSA)
Institutional Shareholder Services (ISS)
Intellectual property
Interest in possession
Interest rate collar
Interest rate swap
Interim dividend
Interim receiver
Intermediate term
International Accounting Standard 19 (IAS 19)
International Accounting Standards Board (IASB)
International Islamic Financial Market (IIFM)
International Primary Market Association (IPMA)
International Securities Lending Association (ISLA)
International Securities Market Association (ISMA)
Internet protocol (IP)
Intrinsic value
Introduction
Introductory tenancy
Investment firm
Investment grade loan
Invoice discounting
Islamic Financial Services Board (IFSB)
Istisna'a
JORC
Judgment in default
Junk bonds
Justices' clerk
Know-how pool
Knowing assistance
Kompetenz-kompetenz
LAWDCS
LIBID
LIBOR
LLP
LR (see Listing Rules)
LTA 1954 protected tenancy
LTIP
Last in first out (LIFO)
Laying of an information
Lead manager
Legacy
Legal charge
Legal estate
Legal professional privilege
Letters of administration
Leverage
Liability insurance
Lien
Life interest trust
Lifetime allowance
Lifetime annuity
Limited partnership
Limited price index (LPI) bonds
Limited recourse loan
Listing Rules
Listing questionnaire
Litigation friend
Lloyd's
Loan Syndications and Trading Association (LSTA)
Loan relationship
Local Education Authority (LEA)
Local Government Pension Scheme (LGPS)
Local development document (LDD)
Local loop
Lock-in agreement
London Gazette
London Interbank Market
London International Financial Futures Exchange (LIFFE)
London Maritime Arbitrators Association (LMAA)
London Rules
London view management framework
Long term incentive plan (LTIP)
MAC clause
MAD
MBI
MTM instruction
Major interest in land
Management buy-in (MBI)
Managing agent
Mandatory capital note
Mandatory prepayment
Margin lending
Margin ratchet
Market investigations
Marshalling
Master
Master development agreement
Master franchisee
Matching shares
Median
Mediation
Medium term note (MTN)
Member state
Merger Control Regulation
Metropolitan district council
MiFID
Middleware
Mode of trial
Module
Money claim
Money purchase scheme
Monitoring Officer
Monte Carlo simulation
Mortgage
Mortgagee
Multilateral trading facility
Musharaka
NHS Foundation Trusts
NICs
NV
NWC
National Parks
National savings products
Negligent misrepresentation
Net open position
New tenancy
Nil-cost option
No front-running provision
No-shop agreement
Nominal value
Nominee shareholder
Non-departmental public body (NDPB)
Non-executive director
Nordic Bankruptcy Convention
OFGEM
ORR
OTC
OTC Bulletin Board (OTCBB)
Ofcom
Offer document
Offer-related arrangements
Offering circular
Office copies
Office of Fair Trading (OFT)
Office of Gas and Electricity Markets (Ofgem)
Office of Telecommunications (Oftel)
Office of the Public Guardian (OPG)
Official Journal of the European Union
Official industrial action
Old lease
On demand
On demand bond
Online
Open contract rules
Open system
Opinion
Order book
Order for wasted costs
Ordinarily resident (in the UK)
Ordinary adoption leave (OAL)
Ordinary maternity leave (OML)
Ordinary paternity leave (OPL)
Organisation for Economic Co-operation and Development (OECD)
Outgoings
Output tax
Overriding objective
PAYE
PFI
PR (see Prospectus Rules)
PRA Handbook
Pac-Man defence
Panel on Takeovers and Mergers
Parallel imports
Parallel trade
Part 2 of the Income Tax (Trading and Other Income) Act 2005
Part 36 offer
Participating employer
Participating preference share
Participations
Party wall
Pass-through arrangement
Passing rent
Patent
Pathfinder prospectus
Pay
Payment waterfall
Pecuniary legacy
Pension Protection Fund (PPF)
Pension protection levy
Pension-sharing order
Pensioner member
Pensions Regulator
Performance bond
Performance condition
Performance guarantee
Permanent Pasture
Personal chattel
Phantom share option
Physical settlement
Pilot operation
Pink book
Placees
Pleadings
Pledge
Poll
Potential value
Pre-emption rights
Pre-hearing review (PHR)
Pre-pack
Pre-qualification questionnaire
Pre-sentence report
Pre-trial review (PTR)
Preferential creditors
Preferential debts
Preliminary agreements
Preliminary issue
Prepayment facility
Prescribed accounting period
Prescribed part
Presidency of the Council of the EU
Price/earnings ratio (P/E ratio)
Primary Care Trust (PCT)
Primary protection
Principal deficiency ledger
Priority of mortgages
Private equity
Private finance initiative (PFI)
Private nuisance
Privatisation
Probationary period
Products guarantee insurance
Products recall insurance
Professional Securities Market (PSM)
Professional liability insurance
Profit of pasturage
Profit participation agreement
Profit à prendre
Proportionality
Proposal form
Proposer
Prospectus
Protected building
Protected disclosure
Protective award
Provisional damages
Provisional liquidator
Public Sector Procurement Directive
Public liability insurance
Public to private transaction (PTPs)
Put option
Pyramid selling
QUEST
Qualified institutional buyer (QIB)
Qualified investor
Qualified majority voting (QMV) (EU)
Qualifying charitable donations
Qualifying distribution
Qualifying floating charge
Qualifying investments
Qualifying scheme
Queen's Counsel
Quoted Companies Alliance (QCA)
Quoted company
Quoted eurobonds
RFI
RIS
RLA
RNS
Race discrimination questionnaire (RR65)
Rack rent
Rack rent lease
Readily convertible assets
Real-Time Gross Settlement (RTGS) payment system
Reasonable adjustment
Reasonable search
Receivership
Receiving party
Recognised clearing house (RCH)
Recognised stock exchange
Recognised trade union
Recommended bid
Record date
Recovery plan
Recusal
Red book
Red herring
Refinancing
Regional Development Agencies (RDAs)
Regional Flood Defence Committees (RFDCs)
Registered charity
Registrar (of the High Court)
Registrar of Companies
Regulated information
Regulated market
Reinstatement order
Related investment
Relevant dependant (alternatively secured pensions)
Relevant filing system
Relevant linked annuity
Relevant property
Relevant property trust
Relevant transfer
Remainderman
Remand
Remoteness
Remuneration
Rent roll
Rent stop
Renvoi
Repo agreement
Reporting accountants
Request for further information
Res judicata
Research Recommendations Electronic Voting (RREV)
Reservation of power
Resident (in the UK)
Residential mortgage-backed securities
Residuary estate
Residue (of an estate)
Respondent
Response form
Restricted byway
Restricted person
Restricted procedure
Resulting trust
Reversion
Reversionary interest
Review
Review date
Rolled up interest
Romalpa clause
Rome Convention
Root of title
Rules Governing Substantial Acquisitions of Shares (SARs)
SAMREC
SEAQ
SEC
SETSmm
SFA
SROs
SWX Europe Limited
Salary-related scheme
Salmon principles
Scale monopoly
Schedule A
Schedule of contributions
Schedule of dilapidations
Scheme actuary
Scheme rescue
Scheme sanction charge
School federations
Scrip dividend
Second-level domain (SLD)
Secondary issues
Secondary management buyout
Secondary picketing
Secret trust
Section 146 notice
Section 151 Officer
Section 27 notice
Section 32A policy
Section 363 sale
Section 593 valuation
Section 75 agreement
Section 9(2B) rights
Section 95 disapplication
Securities Exchange Act of 1934
Securities House
Securities and Futures Authority (SFA)
Securities exchange offer
Security Principle
Sedley Requirements
Selective distribution
Serious-ill-health lump sum
Service Level Agreement (SLA)
Service charge
Service provider
Services of general economic interest (SGEI)
Servient tenement
Settle
Settlement
Settlement risk
Severance agreement
Share appreciation rights (SARs)
Share incentive plan
Share premium account
Shareholders' agreement
Sharia Committee
Shoreline management plan (SMP)
Shut out
Significant influence
Sit-in
Sit-ins
Sixth-former
Slavenburg register
Slip rule
Smith report
Social partners
Software
Software as a service (SaaS)
Solicitor’s undertaking
Sovereign
Spatial planning
Special annual allowance
Special disclosure
Specialisation
Specialisation agreement
Specialty debt
Specific disclosure
Specified exempt transfer
Specified transfer
Speculative grade debt
Sponsor
Spread bet
Spring-loading
Springboard injunction
Stakebuilding
Stamp Office
Stamp duty
Stamp duty reserve tax (SDRT)
Standard & Poor's 500 index (S&P 500)
Standard GP
Standard grievance procedure (Standard GP)
Standards for England (SfE)
Standstill agreement
Standstill period
Stapled finance
Stapled stock structure
State aid
State earnings-related pension scheme (SERPS)
Statement of community involvement (SCI)
Statement of costs
Statements of Recommended Practice (SORPs)
Statutory GP
Statutory adoption pay (SAP)
Statutory maternity pay (SMP)
Statutory minimum notice period
Statutory redundancy payment
Statutory tenancy
Stock split
Straight (or specially advised) credits
Structural remedies
Structure plan
Sub-fund election
Sub-investment grade loan
Sub-mortgage
Sub-security
Sub-underwriter
Subordination
Subpoena ad testificum
Substantial Acquisition Rules
Substantial damages
Suitable alternative employment
Sukuk al-salam
Summary funding statement
Summary offence
Supplementary pension scheme
Sweet equity
Syndicated facility
Syndication
Systems integration agreement
TUPE
Table A
Tag along rights
Talks announcement
Tax written down value
Taxation
Tender offer
Term loan
Testator
Testatrix
Texas shoot out
Third party notice
Tie-in
Tier 1 capital
Time bill
Tombstone
Tort
Tortious measure of damages
Total return swap (TRS)
Tracing
Trading name
Transferor
Transitional serial interest
Transparency International
Transparency Rules
Treaty country
Treaty on the Functioning of the European Union (TFEU)
Trivial commutation lump sum
Trust
Trust document
Trusted systems
U proof
UCP 600
UITF
UKLA Listing Rules
UNCITRAL
UNCITRAL Model Law on Cross-Border Insolvency
US GAAP
US Securities and Exchange Commission
US reporting issuer
USM
UURBS
Uberrimae fidei
Ultra vires
Umbrella company arrangement
Undertaking
Underwater option
Underwriting
Unfair Contract Terms Act 1977 (UCTA)
Unfair dismissal
Unfunded unapproved retirement benefits schemes (UURBS)
United Nations Commission on International Trade Law (UNCITRAL)
Unregistered company
Upper Tribunal (Tax and Chancery Chamber)
Upper earnings limit
Urgent Issues Task Force (UITF)
Utility software
VAT
VATA
Value Added Tax Act 1994 (VATA 1994)
Value added tax (VAT)
Vendor placing arrangement
Venture capital trust (VCT)
Vertical agreement
Vested interest
WPA
WPT
Wa'ad
Walker Review
War savings certificates
Web browser
Website
Wednesbury unreasonableness
Well-being power
Whitewash
Will
Wireless local loop
Without notice
Work-ins/sit-ins
Working capital statement
World Trade Organization (WTO)
Wrongful dismissal
Young person
Zero coupon loan notes
Zoning
ccTLD
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