Investment Trust

A company that pools money together from multiple investors and then invests it.

A company that pools money together from multiple investors and then invests it.

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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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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Total Return

This is the measurement of a fund’s performance in a specific period.
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Balance sheet

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