Most popular terms

1. basket trade

A contract or other instrument for the purchase or sale of a group of shares or currencies, all of which are traded together. Sometimes used...(more)

2. back-to-back inheritance tax plan

The combination of a life assurance policy and an annuity on the same life, the purpose of which is to reduce inheritance tax. The annuitant...(more)

3. acting in concert

A group of investors are said to be acting in concert when they work together to achieve the same goal, often the purchase of a certain amou...(more)

4. means test

An appraisal of a person's income and assets to establish if he or she qualifies for state benefits....(more)

5. carpetbagger

Someone who becomes an account holder with a building society in the hope of benefiting from a windfall handout when the building society de...(more)