Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.

A way of calculating compound returns on an investment or savings over a set period of 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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Accounting standards

The rules a company follows when preparing financial statements.
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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Yield curve

A graphical representation of interest rates over time
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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After-hours trading

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

What is a gilt?
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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