Dictionary
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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.

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Ponzi Scheme

A form of fraud designed to lure new investors, and pays the earlier backers by using the new investors' money.
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Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.
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Net Income (NI)

The money a firm is left with from sales after subtracting taxes and different business costs.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Bond

Learn what a bond is
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Nominal amount

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.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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