Dictionary
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Ponzi Scheme

Ponzi Scheme

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

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

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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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Zero-Sum Game

A situation in which one person's gain is another's loss.
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Running yield

The annual interest payment (dividend) divided by the current market price of a bond.
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Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.
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Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.
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NASDAQ

A US stock exchange specialising in the shares of technology companies.
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Leverage

A method of trading using borrowed money that usually involves a very high level of risk.
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Stock Exchange

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