A stockbroker who makes unauthorised, usually high risk, trades on behalf of their employer, often resulting in huge losses.

A contract which runs for a specific period of time and continues to be renewed for further periods, subject to review.

Also called Normal Trading Unit. A block of shares, usually 100, which is traded on the Stock Market.

A device which connects at least two computer networks and sends data from one to the other.

A fee paid for the use of another person’s property, for example a copyrighted work, a patent, a franchise, etc. A payment made to a writer, composer or singer when a book, CD or performance of their work is sold. A share of the profit paid to the owner of the land which an oil […]

A cheque which bounces, due to insufficient funds in the account of the person who wrote the cheque for it to be cleared by the bank.

RON. Describes when an advertisement is placed on any page on one or more websites and the advertisers have no say where their advert is placed, usually because the advertising rates are cheaper.

The day to day running costs of a business, for example wages, rent, utilities, etc.

The peak periods at the beginning and end of the day, usually longer than an hour, when people are travelling to and from work.

Also called The Manufacturing Belt. In the US, an area which contains many old, unmodernised factories, such as steel works, many of which are now closed or not very profitable.