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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Zero-Sum Game

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

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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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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Withholding Tax

A tax deduction made at the source of the payment.
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Maturity value

What's the maturity value of a bond?
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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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Earnings per share

We look at what earnings per share mean and how to calculate it
Read more

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.
Read more

Annualised Rate of Return

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