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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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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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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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LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.
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Unicorn

A startup valued at over £1 billion. They are rare, hence the name.
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Quick ratio

Learn what quick ratio stands for in financial terms and how to calculate it.
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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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Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.
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United States Dollar (USD)

The famous greenback our friends in the US use as currency.
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Capital

Learn what financial capital means
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