What is '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.

More terms

Know Your Customer (KYC)

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

UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.

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.

Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.

Income statement

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

Spot Rate

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

Bull market

We explain what a 'bull market' means

index-linked gilts

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.

Packaged Retail and Insurance-based Investment Product (PRIIP)