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FINANCIAL DICTIONARY & GLOSSARY: INF -
- a rise in the general level of prices, and an increase in the
inflationary - causing inflation.
inflation rate - the percentage amount that prices (e.g. the retail price index) are higher than a year previously.
infrastructure - services such as roads, railways, electricity, telephones, etc.
inheritance tax or capital transfer tax - a tax on gifts and inheritances.
innovation - the development of new products, services, etc.
inputs - see factors of production.
insider - person who occupies a position of trust within a company and possesses information not known to the public.
insider dealing - buying or selling shares when in possession of privileged information that affects the price (e.g. while working for the company or an investment bank).
insolvent - (adjective) unable to pay debts (the noun is insolvency).
installments - regular part payments of debts, etc.
installment credit - see hire purchase.
institutional investors - pension funds, insurance companies, investment trusts, etc., which hold a large proportion of the shares of leading companies.
insurance - the provision of financial protection for property, life, health, etc. against specified risks (accident, fire, theft, loss, damage, death, etc.)
insurance agent - person who sells insurance policies, for a single insurance company, in return for a commission.
insurance broker - a middleman or agent who negotiates insurance contracts for customers, using different companies.
insurance policy - a contract between a customer and an insurance company, which will pay for particular losses or damage in return for one or more payments, known as premiums.
intangible assets - those whose value can only be quantified or turned into cash with difficulty (e.g. goodwill, parents, copyrights, trade marks).
integration - the situation when more than one company choose to join or work together.
integrative growth - extension by way of backward, forward or horizontal integration.
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FINANCIAL DICTIONARY & GLOSSARY
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