Glossary
	Please select a letter below and then vertically scroll to find the word you are looking for  A  |  B  |  C  |  D  |  E  |  F  |  G  |  H  |  I  |  J  |   K  |  L  |  M   N  |  O  |  P  |  Q  |  R  |  S  |  T  |  U  |  V  |  W  |  X  |  Y  |  Z  Imro Investment Management Regulatory Organisation, the UK regulatory organisation for investment companies such as pensionfunds. index of leading economic indicators Composite of 12 US economic measurements compiled by the US Commerce Department. inflation General increase in prices. inheritance tax UK tax charged on the passing of wealth from oneperson to another, either during life or at death. insider dealing or trading Illegal exploitation of confidential information in order to make a profit or avoid a loss on stockmarket transactions. insolvency Occurs when individuals or businesses do not haveenough resources to cover their debts, or cannot pay their debts whenthey are due. intangible assets Assets that do not have a physical existence. Includes goodwill, patents, copyrights, tradmarks, formulae, capitalised advertising costs, etc. institutional investor Large financial institution, such as an insurance company, pension fund, unit trust or investment trust. insurance broker Specialised broker who secures insurance business and places it with recognised underwriters. interest payable A current liability. Represents the amount of interest that is due to be paid within one year. interim results Interim figures giving an indication of trading andprofit performance since the last full year accounting period; generally announced for six month periods by non-US companies andquarterly for US companies. inventories A current asset. Includes the value of items acquired forresale or manufactured, work in progress and raw materials. Otherwiseknown as stocks. investment trust Company that uses its shareholders' funds to own and manage a portfolio of stocks and shares for profit. Investment trusts are 'closed-end', ie, shareholders wishing to extract their funds have to sell their shares to another investor, unlike with unit trusts which can create or redeem units in response to demand. Investors’ Compensation Scheme Statutory scheme operated by the Securities and Investment Board in the UK to give individual investors some financial recompense if an authorised investment business collapses. invisible income Foreign income from sources other than the movement of goods; it includes earnings from tourism, banking, shipping,insurance and investment. back to top