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Internal Rate of Return (IRR)

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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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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After-hours trading

Trading outside of a stock exchange's opening hours.
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Capital

Learn what financial capital means
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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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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Professional Client

An investor that is able to meet several regulatory criteria.
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