Junk Bond

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

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

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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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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Volatility

A measure of how much the prices of an asset or index vary over time.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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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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Running yield

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

Learn what a bond is
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Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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