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OEIC

OEIC

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

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

More terms

Withholding Tax

A tax deduction made at the source of the payment.

Bond

Learn what a bond is

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.

Dirty price

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

S&P 500

Find out what is the definition of the S&P 500 index.

Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.

Venture Capital Trust (VCT)

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

Net Income (NI)

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

UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.

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