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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After-hours trading

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

Income from an investment as a percentage of its current price.
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Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.
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Rate of Return

Profit on an investment, expressed as a percentage of the investment.
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Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.
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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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Securities

Bonds and stocks.
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