What is an 'OEIC'? Definition & meaning

More terms

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.

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.

NASDAQ

A US stock exchange specialising in the shares of technology companies.

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.

Total Return

This is the measurement of a fund’s performance in a specific period.

52-week high/low

The highest, or lowest, price a share has traded at in a passing year.

Stock Exchange

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

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

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OEIC