Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

financial transaction tax FTT

In Europe, a proposed financial transaction tax (FTT), or so-called "Tobin tax", will impose a levy on trades in stocks, bonds and derivatives. Exemptions include overnight repurchase agreements, the issue of shares and units in retail funds known as Ucits and the exchanges of stock in mergers. Eurozone states and central banks intervening in sovereign bond markets would not be liable although ordinary traders in the same markets would.

 

financial transaction tax (FTT) in the news

In January 2013,...