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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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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Global Investment Performance Standards (GIPS)

A set of standards which investors use to present their investment results.
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Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Interest Rate

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