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Costs and Charges

Costs and Charges

The money you pay when investing.

The money you pay when investing.

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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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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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Clean price

The quoted price of a gilt, which excludes accrued interest
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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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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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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