Packaged Retail and Insurance-based Investment Product (PRIIP)

Mutual funds and investment trusts are priced on their net asset value (NAV).

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

Learn what a custodian bank is.

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

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

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

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

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

An investment trust specialised in investing in commercial property such as parking garages or GP offices.