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NASDAQ

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

Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Running yield

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

A mathematical test used to determine whether a claim is true or false.
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Net asset value

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

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

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

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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Costs and Charges

The money you pay when investing.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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