Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.

The value of a company's assets relative to the number of shares it has.

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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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Zero coupon bonds

What is a zero coupon bond?
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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Gilt

What is a gilt?
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Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.
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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.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
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