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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Equity

The amount of money a company would be left with by subtracting its liabilities from the value of its assets.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Xetra

A trading venue operated by the Frankfurt Stock Exchange.
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Investment Trust

A company that pools money together from multiple investors and then invests it.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Dirty price

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

An investor that is able to meet several regulatory criteria.
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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.
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Base rate

What's the base rate?
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