What is the 'NASDAQ'? Definition & meaning

More terms

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

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).

Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

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.

Equity ETF

An exchange-traded fund that is comprised of a set of stocks.

Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.

Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.

Costs and Charges

The money you pay when investing.

NASDAQ