Over-The-Counter (OTC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Learn what quick ratio stands for in financial terms and how to calculate it.

Find out what is the definition of the S&P 500 index.

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.

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

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

The highest, or lowest, price a share has traded at in a passing year.

A period of time that starts with the first day of the current calendar year and ends with today.