Third edition published 2003

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Dictionary of

third edition

A & C Black ț London


Originally published by Peter Collin Publishing in 1991
Second edition published 1999
Third edition published 2003
Reprinted 2005
A & C Black Publishers Ltd
38 Soho Square, London W1D 3HB
© P. H. Collin 1991, 1999
© Bloomsbury Publishing Plc 2003
© A & C Black Publishers Ltd 2005
All rights reserved. No part of this publication may be reproduced
in any form or by any means without the permission of the publishers.
A CIP record for this book is available from the British Library
ISBN-10: 0 7136 7739 2
ISBN-13: 978 0 7136 7739 3
eISBN-13: 978-1-4081-0227-5
A & C Black uses paper produced with elemental chlorine-free pulp,
harvested from managed sustainable forests.
Text typeset by A & C Black
Printed in Italy by Legoprint

Preface to the first edition
This dictionary provides a basic vocabulary of terms used in the fields of
banking, investment, the Stock Exchange, and general finance. It covers both
British and American usage.
The main words and phrases are defined in simple English, and many
examples are given to show how the words may be used in context. In some
cases, the definitions are expanded by explanatory comments. We also give
qutoations from newspapers and financial magazines from various parts of
the world.
The supplements at the back of the book offer additional information.

Preface to the second edition
The vocabulary of banking and finance, like that of so many modern
disciplines, moves forward rapidly, and we have expanded and edited the
text of the dictionary to keep pace with current changes. We have also made
a further selection of recent quotations from newspapers and magazines.
At the same time, to make the dictionary more useful to students, we now
give phonetic transcriptions for all the headwords.

Preface to the third edition
The text and supplements have been thoroughly revised for this new edition
and many new entries have been included to reflect recent changes in the
field of banking and finance.
We are grateful to Stephen Curtis for his help with this edition. Thanks are
also due to Katy McAdam, Joel Adams, Daisy Jackson, Sarah Lusznat, Jill
Garner and Sandra Anderson for the excellent presentation of the text.

Pronunciation Guide
The following symbols have been used to show the pronunciation of the main
words in the dictionary.
Stress is indicated by a main stress mark ( ) and a secondary stress mark ( ) . Note
that these are only guides, as the stress ...
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