What is a 'Packaged Retail and Insurance-based Investment Product (PRIIP)'? Definition & meaning

More terms

Gilt

What is a gilt?

Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).

Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.

Conventional gilts

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).

Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.

Clean price

The quoted price of a gilt, which excludes accrued interest

Ponzi Scheme

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

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.

Spot Rate

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

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Packaged Retail and Insurance-based Investment Product (PRIIP)