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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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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Stock Market

A place where shares of publicly listed companies are traded.
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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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Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.
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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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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Professional Client

An investor that is able to meet several regulatory criteria.
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Quick ratio

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