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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.

More terms

Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Beta

Learn what Beta stands for in finance.

Clean price

The quoted price of a gilt, which excludes accrued interest

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.

Quantitative easing

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

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Hypothesis Testing

A mathematical test used to determine whether a claim is true or false.

Yield to maturity (YTM)

What is yield to maturity and why is it useful?

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