GUARANTEED MINIMUM PENSION - GMP
Minimum pension earned while working in the United Kingdom’s public sector between 1978 and 1997. The employees were contracted out of the State Earnings-Related Pension Scheme (SERPS), and the pensions generated were administered the other way around than in other years. Amount of pension earned is said to be equivalent to the amount a member would have received if they were not contracted out.
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Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
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Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
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A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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