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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Float

Listing a company on a stock exchange, or the shares that are genuinely up for grabs once it’s there.
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Direct listing

Going public without the traditional IPO. Existing shares, straight onto the exchange, no new money raised.
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Margin call

Learn what a margin call stands for in financial terms.
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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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Diversification

An investment strategy in which money is put into a variety assets.
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Net Asset Value (NAV)

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

Trading in new shares before they’re officially admitted to the exchange, on the condition that admission goes ahead.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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