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| Financial System |
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| An information system, comprised of one or more applications, that is used for any of the following: collecting, processing, maintaining, transmitting, and reporting data about financial events; supporting financial planning or budgeting activities; accumulating and reporting cost information; or supporting the preparation of financial statements. |
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| Financial Times Stock Exchange 100 Index |
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| A market index which was launched on 13th February 1984. It is a weighted arithmetic index based on the minute-by-minute share price movements of 100 of the most highly capitalised companies listed on the London Stock Exchange. |
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| Financial Times Stock Exchange Actuaries All-Share Index |
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| The main benchmark for UK portfolio performance. The composite index of nearly all UK shares on the London Stock Exchange. It is a weighted arithmetic index calculated at the end of each trading day. It covers all three segments of the market (small, medium and large). |
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| Fixed Assets |
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| Assets owned by a corporation which are not generally intended for sale in the normal course of the business. These assets represent tangible property and are highly illiquid. Buildings, machinery, equipment, furniture and fixtures are examples of fixed assets. |
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| Fixed Interest Securities |
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| Securities which, like debenture stocks and loan stocks, carry a fixed rate of interest called the coupon. They also have a redemption value, which is the amount repaid at the redemption date. The market price may range above or below the redemption (or par) value. Most such securities have a fixed redemption date, or a time within which they must be redeemed. In the wider market, fixed interest securities include British government stocks (gilts) and all types of corporate or government bond. |
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