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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Yield curve

A graphical representation of interest rates over time
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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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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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Stock Exchange

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

The amount of money generated by an asset during the time that it was held by an investor..
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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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