City, the normally used to mean the financial community in the City of London. In England the clearing banks are Barclays, Coutts, Lloyds, Midland and National Westminster . In Scotland The Bank of Scotland, Clydesdale Bank and The Royal Bank of Scotland . Closed-end investment funds Investment funds with a fixed share capital. Open-ended funds grow or shrink according to investor demand.
Common stock see ordinary shares.
An increasingly unfashionable way for small banks to engage in eurocurrency business. It is used as an indicator of a nation s inflation rate. The opposite is backwardation . Also used to mean the rate of interest payable on a fixed-interest security. Other than those that form a market s principal rates.