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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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Base rate

What's the base rate?
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UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.
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Annualised Rate of Return

The average annual return an investor sees over a set period of time.
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S&P 500

Find out what is the definition of the S&P 500 index.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Investment Trust

A company that pools money together from multiple investors and then invests it.
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Accounting standards

The rules a company follows when preparing financial statements.
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