NASDAQ

A US stock exchange specialising in the shares of technology companies.

A US stock exchange specialising in the shares of technology companies.

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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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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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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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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.
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Income statement

A summary of a company's income and expenses over a set period of time.
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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