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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Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).
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Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).
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Compound interest

Understand what compound interest means and how it's calculated
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Capital

Learn what financial capital means
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Over-The-Counter (OTC)

A security that is sold outside of an exchange.
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Year to Date (YTD)

A period of time that starts with the first day of the current calendar year and ends with today.
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Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.
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Depository

We look at what is a depository and what role they play in keeping markets work.
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Stock Market

A place where shares of publicly listed companies are traded.
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