Inflation

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

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

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American Depository Receipt (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Balance sheet

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

Trading outside of a stock exchange's opening hours.
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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Base rate

What's the base rate?
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Gilt

What is a gilt?
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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