/

Over-The-Counter (OTC)

Over-The-Counter (OTC)

A security that is sold outside of an exchange.

A security that is sold outside of an exchange.

More terms

Running yield

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

Custodian bank

Learn what a custodian bank is.

Free Trade

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

Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

Maturity value

What's the maturity value of a bond?

Total Return

This is the measurement of a fund’s performance in a specific period.

Diversification

An investment strategy in which money is put into a variety assets.

Oligopoly

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

Volatility

A measure of how much the prices of an asset or index vary over time.

You’re just minutes away from commission-free investing

When you invest, your capital is at risk

Freetrade does not provide investment advice and individual investors should make their own decisions or seek professional advice. The value of investments can go down as well as up and you may receive back less than your original investment. Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority (FCA reg. no. 783189). Registered in England and Wales (no. 09797821).

© 2026 Freetrade, All rights reserved. The Apple logo is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.