Net Income (NI)

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

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

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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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OEIC

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

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

What is yield to maturity and why is it useful?
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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Investment Return

The amount of money made or lost from an investment. Usually expressed as a percentage.
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Net Asset Value (NAV)

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