SolvedVATFIN9100 | Glossary of terms: A
From HM Revenue & Customs · VAT Finance Manual
| Abandon | To allow an option to expire worthless. |
|---|---|
| Acceptance | Agreement of intention to carry out a transaction; the signed acceptance by the drawee of a Bill of Exchange to the order of the drawer (creditor). |
| Acceptance Commission | A charge made by a bank or Accepting House for the use of its name as an Acceptor on Bills of Exchange. |
| Accepting House | Company/bank specialising in cashing bills drawn upon it under credit established by, or in favour of, approved customers. |
| After Hours Dealing | Dealing done after the mandatory quote period, which is treated as dealing done on the following business day. |
| Allotment Letter | See Renounceable Documents |
| Alternative Investment Market (AIM) | The London Stock Exchange’s market for smaller and growing companies. The market began trading in June 1995. |
| American Depository Receipt (ADR) | A secondary security based on an underlying right to a certain value of stock, bonds etc., held by an American depository. The documents can be traded as securities. |
| American Style Option | An option exercisable at any time during its life. |
| Annual General Meeting (AGM) | Meeting of shareholders which a company must call every year. |
| APCIMS | Association of Private Client Investment Managers and Stockbrokers. |
| Arbitrage | Buying securities and other instruments in one country, currency or market and selling in another to take advantage of price differences. |
| Asset Swap | See Sub Participated Loans, Sub Underwriting, Syndicated Loans and Synthetic Securities. |
| Authorisation Fees | Fees charged by self-regulatory bodies and recognised professional bodies. |
| Authorised Corporate Director (ACD) | Has responsibility for investment management, sale and purchase of shares in an open-ended investment scheme (OEIC) to and from investors etc. |
| Automated Teller Machine (ATM) | A ‘cash point’. |