Oligopoly

A situation in which a market or industry is controlled by a small group of companies.

A situation in which a market or industry is controlled by a small group of companies.

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Professional Client

An investor that is able to meet several regulatory criteria.
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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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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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Value stocks

Stocks in companies that aren’t necessarily growing fast, but instead are dependable and stable.
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Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.
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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Profit and Loss Statement (P&L)

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

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

The annual interest payment (dividend) divided by the current market price of a bond.
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