Association of International Life Offices
Representing the cross-border life industry
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Glossary

Not sure about a name or phrase used in our documentation or website? Or perhaps you’ve come across some financial terminology elsewhere that you’re not familiar with? Find out its meaning in our glossary below and if there is a word not in there you think needs adding please do contact us.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Market makers

Market makers are typically banks and brokers who commit to trade shares and bonds, often in larger quantities than most other investors.

Market neutral funds

Market neutral funds aim to deliver above market rates of return with lower risk by hedging bullish stock picks (buys) with an equivalent number of short bets (sells).

Money laundering

Money laundering is a catch-all term for any activity that tries to convert the proceeds of crime into legitimate money.

Money markets

'Money markets' is a generic term covering the vast market for short-term cash loans and deposits.