Table 6.
General and Long-term Insurance Business 1985 - 1995.
General Insurance net premiums.
Table 7.
Growth in Unit Trusts and Investment Trusts.
Definitions.
| Assets - | anything owned by an individual, company, legal body or government which has a cash value. |
| Big Bang - | a system of major changes which brought deregulation to the London Stock Exchange in 1986. |
| Bill of Exchange - | an officially signed promise to pay to the receiver of the bill, the stated at the fixed time. |
| Bond - | a certificate issued by the borrower as a receipt for a loan usually longer than 12 months; it indicates the interest rate and the date of repayment. |
| Eurobond- | an international certificate issued by the borrower for a long-term loan (from 5 to 15 years) in any European currency but not in the currency of the issuing bank. |
| Securities- | general term for stocks and shares of all types. |
| Exchange- | a market for the toll purchase of goods or securities. |
| Stock Exchange- | a market for short or long term transactions in securities . |
| Commodity Exchange- | a stable market for wholesale transactions in preferably commodities and raw materials |
| Money Market- | a market for money instruments with a period of validity of less than one year. |
| Factoring- | a business activity in which a company takes over the responsibility for collecting the debts of another company. |
| Fund Management- | managing investors’ funds on their behalf or advising investors on how to invest their funds. |
| Financial Futures- | legal contracts for the sale or purchase of financial products on a specified future date, at the price agreed in the present. |
| Option- | A contract giving the right to buy or sell financial instruments or goods for a stated period at a stated price. |
| The London Bullion Market - | The international gold and silver market in London where trade is done by a telephone or electronic links. |
| Hedge | The purchase or sale futures contract as a temporary substitute for a transaction to be made at a later date |
| Open-Ended Fund- | A fund without a fixed number of shares |
| Quite-edged loans - | Loans issued on behalf of the Government to fund its spending. |