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CAT standardThese are a set of standards proposed by the government aimed at ensuring a certain level of standard amongst financial products such as mortgages and ISAs. Whilst they are a sign that a lender or provider is a reputable business and offers products that are of a certain quality, a CAT mark does nott ensure that a product is the most suitable one for you.Cat standardCat standards signify that a financial product meets certain standards on Charges, Access and Terms. The standards vary according to the product:Stocks and share ISAsNo initial or exit charge; minimum investment not more than £500 lump sum, or £50 per month; at least 50% invested in EU-quoted stocksCash ISAsNo charges; minimum transaction no greater than £10; withdrawals no later than seven days; no penalties; interest rate no lower than 2 per cent below basic bank rates; rises on the back of basic rate increases must occur within one monthInsurance ISAsMaximum charges of 3 per cent per year; premium no higher than £250 lump sum of £25 monthly; surrender values of at least asset value; after three years, surrender values must be no lower than total premiumsThe fact that a financial product offered by an institution has a CAT mark is not a guarantee of its performance or a recommendation by the government. It simply indicates that it satisfied the objective criteria.Equally the absence of a CAT mark does not mean it should be avoided. Some of the best-performing ISAs do not have CAT marksSimilar MatchesSilver standardSilver standardA monetary system in which the value of a currency is defined in terms of silver. If two currencies are both on a silver standard, then the exchange rate between them is approximately determined by their two prices in terms of silver. StandardStandardRule and/or procedure specifying characteristics that must be met for a product to be sold in a country's domestic market, typically to protect health and safety. When a standard puts foreign producers at a disadvantage, it may constitute an NTB. Standard Industrial Classification (SIC)Standard Industrial Classification (SIC)A code system that designates a unique business activity classified by industry. Standard deviationStandard deviationA statistical measure of price fluctuation. One use of the standard deviation is to measure how stock price movements are distributed about the mean. Standard & Poors MidCap 400 IndexStandard & Poors MidCap 400 IndexA market capitalization-weighted benchmark index made up of 400 securities with market values between $200 million and $5 billion. Further SuggestionsStandardized valueStandard deduction AIMR Performance Presentation Standards Implementation Committee Gold standard Labor standards argument for protection Standardized normal distribution Financial Accounting Standards Board (FASB) Standard Variable Rate Standard payment calculation Gold standard International Standards Organization Labor standards argument for protection Standard & Poors SmallCap 600 Index Statement of Financial Accounting Standards No 52 Standard variable rate Credit Standards Standard and Poor's Composite Index (S&P 500) Accounting Standards Board Standard error Robots Exclusion Standard Standard and Poor's 500 Index Statement of Financial Accounting Standards No 8 Labor standard International Organization for Standardization Gold exchange standard |
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