GlossaryGlossary

The M&G glossary provides you with an explanation of frequently used investment and website security terms.

  
Offer price

The price at which you buy units. 

Open-Ended Investment Company (OEIC)

A form of pooled fund with single pricing (no bid to offer spread).

For further information on OEICs, see our OEIC product profile.

Options

An option involves the right (but not the obligation) to dispose of (‘put option’) or buy (‘call option’) an asset at a fixed price on a specified future date. There is no legal requirement to exercise an option. Most options are traded without anything physical ever changing hands.

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Issued by M&G Securities Limited and M&G Financial Services Limited which are subsidiaries of M&G Limited. M&G Limited is incorporated and registered in England. Registered Office: Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 1048359. Registered for VAT, number GB235 3237 81. Both M&G Securities Limited and M&G Financial Services Limited are authorised and regulated by the Financial Services Authority and provide ISAs and other investments. M&G Securities Limited is registered on the FSA's register, No. 122057 (www.fsa.gov.uk/register). Registered Office Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 90776. M&G Financial Services Limited is registered on the FSA's register, No. 122058 (www.fsa.gov.uk/register). Registered Office Laurence Pountney Hill, London, EC4R 0HH. Registered in England No. 923891. Both companies are registered for VAT, number GB235 3237 81.