A life insurance policy which pays a specified amount on the death of the life assured.

The legal termination of a pension scheme.

A policy which usually has annual bonuses added to the sum insured. On death or maturity a terminal bonus may also be applied to the fund value.

The amount of money tied up in the day to day operations of the business.

An informal reorganisation of the business and settlement of its affairs outside of formal insolvency proceedings.

The interval between the announcement and payment of the next dividend or, in the case of a unit trust, the next income distribution.

The annual dividend or income from an investment.

Goods or services that are taxable for VAT but with a tax rate of zero.