Jargon Buster

  • IADI

    International Association of Deposit Insurers

  • IBRC

    Insurance Brokers Registration Council

  • ICAEW

    Institute of Chartered Accountants of England and Wales

  • ICAI

    Institute of Chartered Accountants of Ireland

  • ICAS

    Institute of Chartered Accountants of Scotland

  • ICS

    Investors Compensation Scheme

  • ICSD

    International Central Securities Depository

  • IMA

    Investment Management Association

  • IMRO

    Investment Management Regulatory Organisation (replaced by the FSA).

  • In default

    A firm unable, or likely to be unable to pay claims against it. This will generally be because it has stopped trading and has insufficient assets to meet claims, or is in insolvency.

  • Insolvency

    having insufficient assets to meet due debts or liabilities.

  • Investment

    a financial product in which money can be invested to earn interest or profit (although the value of investments can go down as well as up).