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.

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

Gross Margin

The difference between a company's revenue and the cost to produce its goods/services, divided by revenue.

Venture Capital Trust (VCT)

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

Free Trade

The other free trade. International trade in which countries allow goods to flow across their borders without imposing import or export taxes.

Withholding Tax

A tax deduction made at the source of the payment.

Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.

Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

OEIC