Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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Yield curve

A graphical representation of interest rates over time
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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Earnings per share

We look at what earnings per share mean and how to calculate it
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Money weighted rate of return

Learn what Money Weighted Rate of Return or MWRR stands for in finance.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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