Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.

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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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Base rate

What's the base rate?
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Account balance

The amount of money a user has stored in a financial repository.
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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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Oligopoly

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

Understand what compound interest means and how it's calculated
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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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After-hours trading

Trading outside of a stock exchange's opening hours.
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Diversification

An investment strategy in which money is put into a variety assets.
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