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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More terms

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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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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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Bond

Learn what a bond is
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IPO

When a private company sells shares to the public for the first time. Its stock market debut, basically.
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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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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.
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Yield

Income from an investment as a percentage of its current price.
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