Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

A means of calculating the potential future return on an investment.

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Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.
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Lock-up period

The period after an IPO when insiders have to sit on their hands and can’t sell their shares.
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Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.
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IPO

When a private company sells shares to the public for the first time. Its stock market debut, basically.
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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Zero coupon bonds

What is a zero coupon bond?
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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Direct listing

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.
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