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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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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.
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Bull market

We explain what a 'bull market' means
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Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.
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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Maturity value

What's the maturity value of a bond?
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Stock Market

A place where shares of publicly listed companies are traded.
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Zero-Sum Game

A situation in which one person's gain is another's loss.
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After-hours trading

Trading outside of a stock exchange's opening hours.
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DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.
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