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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.

More terms

Accrued interest

The interest earned on a gilt since the last dividend date. When buying a gilt, the buyer pays the accrued interest at the time of a transaction to the seller in addition to the clean price of the gilt
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Stock Exchange

A physical/digital place where stockbrokers and traders can buy and sell securities.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.
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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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Investment Trust

A company that pools money together from multiple investors and then invests it.
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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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