What is the 'NASDAQ'? Definition & meaning

More terms

Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.

Maturity value

What's the maturity value of a bond?

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

United States Dollar (USD)

The famous greenback our friends in the US use as currency.

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.

Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

Junk Bond

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

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.

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NASDAQ