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Money laundering

Money laundering

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

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

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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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Leverage

A method of trading using borrowed money that usually involves a very high level of risk.
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Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Running yield

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

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Compound interest

Understand what compound interest means and how it's calculated
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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