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Special bonusAn additional bonus (that is, over and above the normal reversionary bonus) applied to a with profits life assurance policy when the life company's profits are exceptional.Similar MatchesTax Exempt Special Savings AccountTax Exempt Special Savings AccountA five year tax free savings scheme for people aged 18 and over, introduced by the government in January 1991 and operated by banks and building societies, but terminated in 1999.The maximum amount which could be paid into such schemes over the five year life of the TESSA was £9,000 according to the following schedule:1st year, £3,0002nd year, £1,8003rd year, £1,8004th year, £1,8005th year £600TESSAs were discontinued on 5th April 1999 although those taken out before then are allowed to run their full five year term. If you own a TESSA, you can do three things with it when it matures:You can withdraw the interest and capital free of tax, and either spend it or invest it elsewhere.You can move the capital into a 'Matured TESSA Account'. The interest earned in the account after the maturity date will be taxable.You can move the capital (but not the income) into an ISA account where it can continue to grow tax free. It can either be paid into a special Tessa-only ISA account (a TOISA) or it can be paid into a cash only mini ISA. The move has to be made within 6 months of the maturity of the TESSA. Pattern of specializationPattern of specializationWhich goods a country produces and which it does not produce. Specialist block purchase and saleSpecialist block purchase and salePurchase of a large number of securities by a specialist for himself or to pass on to another floor trader or block buyer. Specialised mutual fundSpecialised mutual fundSee: 'sector fund'. Saturday night specialSaturday night specialOften used in risk arbitrage. Sudden attempt by one company to take over another by making a public tender offer. Further SuggestionsSymbol book specialIntra-product specialization Special and Common Cause System of Variation Specialist market Special and differential treatment Special Cause Variation Special arbitrage account Specialist unit specialist Complete specialization Specialists short sale ratio Special economic zone Special Meeting Vertical specialization Special assessment bond Special Drawing Rights (SDR) Special entry procedure Special Drawing Right Specialization Incomplete specialization Special dividend Special bond account |
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