Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

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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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Professional Client

An investor that is able to meet several regulatory criteria.
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Earnings per share

We look at what earnings per share mean and how to calculate it
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Money weighted rate of return

Learn what Money Weighted Rate of Return or MWRR stands for in finance.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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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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Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.
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