Over-The-Counter (OTC)

A security that is sold outside of an exchange.

A security that is sold outside of an exchange.

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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Bed & ISA

Understand what Bed and ISA is and how it works
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Income statement

A summary of a company's income and expenses over a set period of time.
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Depository

We look at what is a depository and what role they play in keeping markets work.
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Inflation

The increase in the prices of goods and services over time, and the process by which money loses its value.
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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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