Financial Glossary

<BODY BGCOLOR="#FFFFCC" LEFTMARGIN="20" TOPMARGIN="20" MARGINWIDTH="20" MARGINHEIGHT="20" TEXT="#000000" LINK="#000080" VLINK="#000080" ALINK="#0000FF"> <P ALIGN="CENTER"><FONT FACE="Arial"><B>Financial Glossary</B></FONT></P> <P><FONT FACE="Arial" SIZE="-1"><B>Important Note:</B> the finance definitions provided are meant only to be a guide to finance, insurance, leasing and mortgage terminology. Some of the terms used may well have another definition and different terminology might well be used by other organisations.</FONT></P> <P><FONT FACE="Arial" SIZE="-1">None of the definitions should be read as providing a complete description of the term to which they apply and readers should seek more detailed information when considering taking any actions in respect of any financial decision.</FONT></P> <P ALIGN="CENTER"><B><FONT FACE="Arial"><A HREF="glossary_a.html" STYLE="text-decoration: underline; color: #000080">A</A> | <A HREF="glossary_b.html" STYLE="text-decoration: underline; color: #000080">B</A> | <A HREF="glossary_c.html" STYLE="text-decoration: underline; color: #000080">C</A> | <A HREF="glossary_d.html" STYLE="text-decoration: underline; color: #000080">D</A> | <A HREF="glossary_e.html" STYLE="text-decoration: underline; color: #000080">E</A> | <A HREF="glossary_f.html" STYLE="text-decoration: underline; color: #000080">F</A> | <A HREF="glossary_g.html" STYLE="text-decoration: underline; color: #000080">G</A> | <A HREF="glossary_h.html" STYLE="text-decoration: underline; color: #000080">H</A> | <A HREF="glossary_i.html" STYLE="text-decoration: underline; color: #000080">I</A> | <A HREF="glossary_j.html" STYLE="text-decoration: underline; color: #000080">J</A> | <A HREF="glossary_k.html" STYLE="text-decoration: underline; color: #000080">K</A> | <A HREF="glossary_l.html" STYLE="text-decoration: underline; color: #000080">L</A> | <A HREF="glossary_m.html" STYLE="text-decoration: underline; color: #000080">M</A><BR> <A HREF="glossary_n.html" STYLE="text-decoration: underline; color: #000080">N</A> | <A HREF="glossary_o.html" STYLE="text-decoration: underline; color: #000080">O</A> | <A HREF="glossary_p.html" STYLE="text-decoration: underline; color: #000080">P</A> | <A HREF="glossary_q.html" STYLE="text-decoration: underline; color: #000080">Q</A> | <A HREF="glossary_r.html" STYLE="text-decoration: underline; color: #000080">R</A> | <A HREF="glossary_s.html" STYLE="text-decoration: underline; color: #000080">S</A> | <A HREF="glossary_t.html" STYLE="text-decoration: underline; color: #000080">T</A> | <A HREF="glossary_u.html" STYLE="text-decoration: underline; color: #000080">U</A> | <A HREF="glossary_v.html" STYLE="text-decoration: underline; color: #000080">V</A> | <A HREF="glossary_w.html" STYLE="text-decoration: underline; color: #000080">W</A> | <FONT COLOR="#000080"><A HREF="glossary_x.html" STYLE="text-decoration: underline; color: #000080">X</A></FONT> | <FONT COLOR="#000080"><A HREF="glossary_y.html" STYLE="text-decoration: underline; color: #000080">Y</A></FONT> | <FONT COLOR="#000080"><U>Z</U></FONT></FONT></B></P> <P><FONT FACE="Arial" SIZE="-1">If you can suggest any other financial terms that don't already appear in this glossary, please feel free to <A HREF="mailto:michelle@grosvenor-butterworth.co.uk">e-mail</A> them to us.</FONT></P> <P ALIGN="CENTER"><B><FONT FACE="Arial" SIZE="-1">To see our <A HREF="menu_corporate.html">Corporate Finance Services</A>, or to find out about <BR><A HREF="frameset-accountancy_management.html" TARGET="_top">Accountancy</A> and <A HREF="frameset-strategic_finance_consultancy.html" TARGET="_top">Strategic Finance Consultancy</A>, Click<A HREF="site_map.html"> here</A>.</FONT></B></P> <TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER"> <TR> <TD VALIGN="MIDDLE" ALIGN="CENTER"> <P><B><FONT FACE="Arial" SIZE="-1">| <A HREF="home.html">Home</A> | <A HREF="site_map.html" TARGET="_top">Site Map</A> | <A HREF="menu-help_and_tools.html">Help & Tools</A> | <A HREF="contact_us.html">Contact Us</A> | <A HREF="frameset-login.html" TARGET="_top">Login</A> |<BR>| <A HREF="menu_corporate.html">Corporate Services</A> | <A HREF="individual.html">Individual Services</A> | <A HREF="frameset-menu-special_services2.html" TARGET="_top">Special Services</A> |</FONT></B></P></TD> </TR> <TR> <TD VALIGN="MIDDLE" ALIGN="CENTER"><HR></TD> </TR> <TR> <TD VALIGN="MIDDLE" ALIGN="CENTER"> <P><B><FONT FACE="Arial" SIZE="-2">| <A HREF="employee_benefits_survey.html">Employee Benefits Survey</A> | <A HREF="enquiry_form.html">Enquiry Form</A> | <A HREF="mailing_list.html">Mailing List</A> | <A HREF="feedback_form.html">Feedback Form</A> | <A HREF="mailto:michelle@grosvenor-butterworth.co.uk">Email Us</A> |</FONT></B></P></TD> </TR> </TABLE><BR> <P ALIGN="CENTER"><A HREF="copyright.html"><FONT FACE="Arial" SIZE="-2">© 1997-2000 Grosvenor Butterworth All Rights Reserved<BR> | Legal Disclaimer |</FONT></A></P> <P ALIGN="CENTER"><A HREF="http://www.saqnet.co.uk/scripts/hitcount11a.dll?hide:grosb"><IMG SRC="spacer.gif" WIDTH="200" HEIGHT="50" BORDER="0"></A></P> <TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" ALIGN="center" width="80%"> <TR> <TD>  <SCRIPT TYPE="text/javascript" LANGUAGE="javascript"> s="na";c="na";j="na";f=""+escape(document.referrer) </SCRIPT> <SCRIPT TYPE="text/javascript" LANGUAGE="javascript1.2"> s=screen.width;v=navigator.appName if (v != "Netscape") {c=screen.colorDepth} else {c=screen.pixelDepth} j=navigator.javaEnabled() </SCRIPT> <SCRIPT TYPE="text/javascript" LANGUAGE="javascript"> function pr(n) {document.write(n,"\n");} NS2Ch=0 if (navigator.appName == "Netscape" && navigator.appVersion.charAt(0) == "2") {NS2Ch=1} if (NS2Ch == 0) { r="&size="+s+"&colors="+c+"&referer="+f+"&java="+j+"" pr("<A HREF=\"http://www.TheCounter.com\" TARGET=\"_top\"> " BORDER=0 SRC=\"http://c1.thecounter.com/id=814925"+r+"\" align=left><\/A>")} </SCRIPT> <NOSCRIPT><A HREF="http://www.TheCounter.com" TARGET="_top"><IMG SRC="http://c1.thecounter.com/id=814925" ALT="TC" BORDER=0></A> </NOSCRIPT>  </TD> <TD> <div align="left"><IMG SRC="spacer.gif" WIDTH="8" HEIGHT="1" BORDER="0"> </div> <p align="right"><img src="http://www.saqnet.co.uk/scripts/hitcount11a.dll?hide:grosb" border="0" width="1" height="1"><a href="http://www.dynamicwebs.co.uk/" target="_top"><img src="dw_button.gif" alt="Designed by Dynamic Webs..." width="77" height="34" border="0"></a> <p align="RIGHT"> </TD> </TR> </TABLE> </BODY>