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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Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
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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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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Collective investment scheme

Learn what's a collective investment scheme
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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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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Diversification

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

What is a gilt?
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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