Over-The-Counter (OTC)

Investment funds that are often associated with riskier and shorter-term trading strategies.

An exchange-traded fund that is comprised of a set of stocks.

How banks work out what investors will pay for shares before an IPO, one order at a time.

The currency exchange rate a bank quotes, valid with immediate effect.

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

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

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

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).