Glossary
Account Fortnightly, or sometimes three-weekly, trading period on a stock exchange.
Actuary A statistician, usually employed by an insurance company, who calculates risk.
Advisory broker A stockbroker who advises clients on their investments as well as buying and selling on their behalf.
Agency brokers In the UK, broker/dealers who act as agents between market makers and investors.
Allotment price In a tender for gilts, the price allotted to successful tenders. In a gilts auction, non-competitive bids are allotted a price that is the weighted average of successful competitive bids.
Annual charge Management fees levied on investments, often as a percentage of their value.
Annual Percentage Rate (APR) A standardized way of expressing ...
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