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Packaged Retail and Insurance-based Investment Product (PRIIP)

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.

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

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Real Estate Investment Trust (REIT)

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

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Yield curve

A graphical representation of interest rates over time
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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.
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Hypothesis Testing

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

We look at what is a depository and what role they play in keeping markets work.
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