Packaged Retail and Insurance-based Investment Product (PRIIP)

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

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

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

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

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.

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

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

An investment strategy in which money is put into a variety assets.

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).