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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Holding Period Return

The amount of money generated by an asset during the time that it was held by an investor..
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Interest Rate

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

An investor that is able to meet several regulatory criteria.
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Wall Street

A street in New York that became a figure of speech for the financial markets of the US.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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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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Depository

We look at what is a depository and what role they play in keeping markets work.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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