Clean price

The quoted price of a gilt, which excludes accrued interest

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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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SPAC

Find our what a SPAc or special purpose acquisition company is.
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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Accounting standards

The rules a company follows when preparing financial statements.
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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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