BACS
‘Bankers' Automated Clearing System’: an electronic payments scheme that allows transfers from one bank account to another. BACS payments usually take three working days to clear.
Popular terms
Market auction
A market auction refers to the process where buyers and sellers place orders to buy or sell investments, with those...
Fair Value Assessment (FVA)
A check on whether an investor receives a reasonable benefit from an investment product or service for the price they...
Aquis Stock Exchange
An alternative junior marketplace to the Alternative Investment Market (AIM), offering a place for small and typically less mature...