DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

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SPAC

Find our what a SPAc or special purpose acquisition company is.
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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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Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.
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Float

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.
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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.
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Income statement

A summary of a company's income and expenses over a set period of time.
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