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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American Depository Receipts (ADRs)

Tradeable assets that let Americans invest in overseas stocks using US laws and dollars.
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Interest Rate

The amount a lender charges for lending your money, or a borrower pays you for borrowing your money.
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Unit Trusts

A collective investment scheme the investors pay money into in exchange for units. The money is invested in a diversified portfolio of assets.
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Value Investing

The art of buying shares which trade below their value, according to the analysis of the value investor.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Fundamentals

The data or information that is likely to impact a company's stock price.
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52-week high/low

The highest, or lowest, price a share has traded at in a passing year.
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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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Securities

Bonds and stocks.
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