/

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

Time Value of Money

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

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Collective investment scheme

Learn what's a collective investment scheme

Quantitative easing

Find out what quantitative easing is and how central banks use this monetary measure to encourage economic growth.

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.

Junk Bond

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

Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.

Volatility

A measure of how much the prices of an asset or index vary over time.

Bond

Learn what a bond is

You’re just minutes away from commission-free investing

When you invest, your capital is at risk

Freetrade does not provide investment advice and individual investors should make their own decisions or seek professional advice. The value of investments can go down as well as up and you may receive back less than your original investment. Freetrade is a trading name of Freetrade Limited, which is a member firm of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales (no. 09797821).

© 2026 Freetrade, All rights reserved. The Apple logo is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.