What is 'free trade'? Definition & meaning

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

More terms

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

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

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

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

The increase in the prices of goods and services over time, and the process by which money loses its value.

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

A debt instrument issued by the UK government with a maturity of less than one year.