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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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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Balance sheet

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

An investment strategy in which money is put into a variety assets.
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Custodian bank

Learn what a custodian bank is.
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Account balance

The amount of money a user has stored in a financial repository.
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Stock Market

A place where shares of publicly listed companies are traded.
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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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Yield to maturity (YTM)

What is yield to maturity and why is it useful?
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Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.
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