Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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Equity ETF

An exchange-traded fund that is comprised of a set of stocks.
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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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Balance sheet

A summary of a company's finances, including its assets, liabilities and shareholder equity.
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Total Return

This is the measurement of a fund’s performance in a specific period.
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Compound interest

Understand what compound interest means and how it's calculated
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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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