Net Asset Value (NAV)

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

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

An investment trust specialised in investing in commercial property such as parking garages or GP offices.

An investment strategy in which money is put into a variety assets.

A method of moving money obtained illicitly through the financial system so it can be used legally.

A place where shares of publicly listed companies are traded.

The moment new shares are officially admitted to the stock exchange and open to trading for everyone.

The money a firm is left with from sales after subtracting taxes and different business costs.

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